Great company of they achieve their goals this one might shake the bio sector, i believe in their CEO and investing some in their dreams ...
if we get any positive news from merck pills from FDA we might go to $10 range and if not we will go back to +$20 however this is not covid play for me in long term
ABC is approaching our first resistance at 87.12 (horizontal overlap resistance, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 81.08 (horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (55,5,3) is also approaching resistance where we migth see...
ABC is approaching our first resistance at 87.12 (horizontal pullback resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our first support at 81.08 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Validated confluences
1.Weekly/Monthly Trend line broken
2.Resistance broken Support valid
3.Trend Trading
4.Profit margin 1:6 (Rounded)
5.Bottom Bollinger Band on daily timeframe above support zone which validates that there is major obstruction in and around the level
Price action filled gap but did not have enough bullish power to go above and beyond
