without_worries

ThermoGenesis Holdings, Inc

Long
NASDAQ:THMO   ThermoGenesis Holdings, Inc.
*risky investment opportunity - market capital ~$35 million*

“400 shares back in 2003 would have cost you $2million. Today they are yours for $1000.”

You read that correctly, no stock splits in all that time. Incredible. So why now should we be bullish?

The above monthly chart has a lot going on. Breaking it down:

1) Price action resistance breakout in May 2020. This was a significant departure from resistance going back as far as 2013. Not yet a buy.

2) Multiple oversold conditions (orange columns). However the opportunity to buy was not valid until (1) was broken.

3) Regular bullish divergence. All three oscillators, RSI, Stochastic RSI, and MFI are showing divergence with price action. Fantastic.

4) Volume. The last 12 months have seen significant volume come in not seen since 2003. Someone knows something I don’t - follow the money.

A buy from $2 is amazing.

1st target: $11

2nd target: $27

Good luck!

WW
Comment:
A update to the buy in, now $2.21. This is based on further study of the 10-day chart. It is possible price action falls below here? Sure. Is it probable? Unlikely.

Trade active
Trade active:
'incredible buy' signal appears on the daily. This is NOT an indication the bottom is in. This is telling me there's a high probability of an uptrend.

Comment:
Fantastic divergence building up. One day it'll just pop, no idea when, but one day.. be patient.

Trade active:
Bullish divergence confirmed


BTC
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Allow 3-6 months on ideas. Not investment advice. DYOR
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