This is a NEWS stock. It lives and dies off of NEWS. Technical analysis ONLY will yield frustration. This stock must be invested in based on more than chart analysis. My personal reason for backing this one is two-fold. 1) They have NO debt. 2) They have a diverse PIPELINE that includes a COVID vaccine (1 and done...no every 4-month headache, no...
Evidence of bottom is showing through nature of volume the past 2 weeks. Volume is positive. Fear has been removed, Greed is approaching the helm.
Someone is loading up on this, several positive earnings surprises followed by a few hiccups. This is a strong swing play or a solid long play.
Split caused this position to scale lower than it should have. Earnings report supplied substantive-enough catalyst to turn ship around. Impressive positive trading volume suggests people are loading up for long-haul. I expect this to go between 10-15 within a month.
Downtrend looks to be broken following pump after substantive news. Bullish flag suggests we are at current bottom