Over the course of the past few weeks there have been plenty of opportunity to scalp|trade this stock. It had its biggest momentum push from the Roe V Wade case and since then it has been fairly quiet. With that said it's last move was breaking out of its pennant, but the next piece of movement I am looking for now is a reversal once it finds its bottom. Looking for it to bounce off of my support line for a move back up into the $1 zone. $1 may play as a psychological resistance so I will be paying close attention. My entry will be around the $1 zone personally. Some fresh news in the coming weeks should help push it back to the old HOD in the 1.50 zone. There are just a few heavy resistance zones to break past. (Not Financial Advice)
Recent News:
Evofem Biosciences (EVFM) said Thursday it has received a notice of allowance from the US Patent and Trademark Office for a patent application covering the composition of matter of its Phexxi contraceptive gel for women.
The patent, which is expected to provide protection into at least 2033, will give Evofem the sole right to make, market and sell the composition of matter that comprises Phexxi, the company said.
Recent News:
Evofem Biosciences (EVFM) said Thursday it has received a notice of allowance from the US Patent and Trademark Office for a patent application covering the composition of matter of its Phexxi contraceptive gel for women.
The patent, which is expected to provide protection into at least 2033, will give Evofem the sole right to make, market and sell the composition of matter that comprises Phexxi, the company said.
Comment:
Saw a little bit of excitement during the day for a 15% move if you took advantage of it. But still not where I want to see it before expecting a reversal. Would like to see a day close above $1 again