aniHotmail

$TXMD - Giant Inverted Cup and Handle on Weekly Chart

Short
NASDAQ:TXMD   TherapeuticsMD, Inc.
A giant Inverted Cup and Handle can be observed for TXMD on weekly chart.
Starting around in Q3 2011, until Q3 2021, that's a giant most pattern I've ever observed! And unfortunately it's bearish!

Anyway, all the stakes I have in this company are from the profits that I earned from the same stock! And I'd still continue to keep that stake in it!
I'd rather say, it'd be great to have a chance to buy ton loads of this stock at way bottom, if it happens!

Anyway, especially these times are proving to be critical for lots of Penny and Small cap stocks, while some of the large caps are flying unbelievably high!
Would we see some money moving from there to here or will this Penny and Small Cap sector continue to suffer for a while?
I wish it proves the chart pattern wrong and stands it's analysts rating of 5$ average target!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.