I'm looking at TXMD again. Still bullish.
Only TA, no fundamentals this time:
The Bollinger band is an interesting tool that tells us now -as price is at the lower band (oversold) and in a situation when the band is very contracted (squeezed)- that likely a brake out will follow.
Add a positive divergence to it on the MACD and on the the RSI along lately (in relation to the price) and you get the idea: we are going UP.
But don't get too excited too soon when price moves, as last time (see my link below) traders sold off at about the 100% profit mark. And as supply/demand determines price...we fell back. Now the opportunity is even bigger. I'm expecting a 10x on this one long term. Speaking of time frames, the chart we are looking at is a 10 year period. We are now at all time lows (and as just mentioned above, at an all time narrow squeezed scenario), so the odds we are going to the moon are quite good.
Some fellow retards on Reddit talked about this before, that it's going to $24. I'm not sure why that number, but I can't say it's impossible.
BTW, I like the stock !
Pro analysts consensus is above $5 (for 12 months), my own mid term PT is still $7 (for the next 2-3 years) and right now the stock is worth about $4 IMO.
Only TA, no fundamentals this time:
The Bollinger band is an interesting tool that tells us now -as price is at the lower band (oversold) and in a situation when the band is very contracted (squeezed)- that likely a brake out will follow.
Add a positive divergence to it on the MACD and on the the RSI along lately (in relation to the price) and you get the idea: we are going UP.
But don't get too excited too soon when price moves, as last time (see my link below) traders sold off at about the 100% profit mark. And as supply/demand determines price...we fell back. Now the opportunity is even bigger. I'm expecting a 10x on this one long term. Speaking of time frames, the chart we are looking at is a 10 year period. We are now at all time lows (and as just mentioned above, at an all time narrow squeezed scenario), so the odds we are going to the moon are quite good.
Some fellow retards on Reddit talked about this before, that it's going to $24. I'm not sure why that number, but I can't say it's impossible.
BTW, I like the stock !
Pro analysts consensus is above $5 (for 12 months), my own mid term PT is still $7 (for the next 2-3 years) and right now the stock is worth about $4 IMO.
