Kitov Pharma plans to launch sales of Consensi in the US in May 2020, according to a March press release.
"Company’s marketing partners in the U.S. plan to commence selling Consensi in May 2020.
Kitov expects to receive between $28 million and $36 million in milestone and royalty revenues
from 2020 through 2022."
It is easy to see that the past two months of uptrend are because of the anticipation of this launch.
AH/PM we have seen an 8% price increase which is always a good sign for a continued bullish trend.
A textbook bull pennant is forming on the hourly chart. This has already broken out of the pennant in PM to the 0.236 Fib.
I will be looking for entry after the break of the .50 resistance. Expect heavy resistance at .55. Looking for PT1@.65c PT2@.75c.
"Company’s marketing partners in the U.S. plan to commence selling Consensi in May 2020.
Kitov expects to receive between $28 million and $36 million in milestone and royalty revenues
from 2020 through 2022."
It is easy to see that the past two months of uptrend are because of the anticipation of this launch.
AH/PM we have seen an 8% price increase which is always a good sign for a continued bullish trend.
A textbook bull pennant is forming on the hourly chart. This has already broken out of the pennant in PM to the 0.236 Fib.
I will be looking for entry after the break of the .50 resistance. Expect heavy resistance at .55. Looking for PT1@.65c PT2@.75c.
Comment:
Closing in on PT1. Will sell half my position here and wait for the other half at .75. FOLLOW YOUR PLAN. Even if this should continue up further you can always buy back in on a dip for another leg up. Discipline is key when trading pennies.
Comment:
and we hit PT1. Looking for PT2@.75c
Comment:
expecting a dip back to the .6-.62 range soon.
Comment:
There was the dip; now for the run up to PT2!
Trade closed: stop reached:
stopped out at .6c probably will leave this one alone for now. Made 26% on this overall. Not sure what this offering rumor is about cannot find any trustworthy source on it.
Comment:
I guess I shouldn't have slept in this morning lol. Looks like we ran right up to the .75 mental resistance. Not going to be playing this one today. just good to see a plan work out; even if it was a day late.