A reverse split pump in the small cap stock market refers to a situation where a company, typically with a low stock price, undergoes a reverse stock split in order to artificially inflate its stock price. Here's how it typically works:
Low Stock Price: Small cap stocks often have low prices per share, sometimes trading for just a few cents. This low price can...
TRACON Pharmaceuticals Inc is a biopharmaceutical company focused on the development and commercialization of novel targeted therapeutics for cancer and utilizing its cost efficient, contract research organization (CRO) independent product development platform to partner with ex-U.S. companies to develop and commercialize innovative products in the United States....
TCON 1D 31% Scalp. Followed by 76% breakout play and then 313% Swing.
TRACON Pharmaceuticals, Inc. engages in the development and commercialization of targeted therapies for cancer, and ophthalmic and fibrotic diseases. Its products include TRC105, an anti-endoglin antibody for the treatment of solid tumor types, TRC205 created for the treatment of fibrotic...
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TRACON Pharmaceuticals, Inc. engages in the development and commercialization of targeted therapies for cancer, ophthalmic, and fibrotic diseases. Its products include TRC105, an anti-endoglin antibody for the treatment of solid tumor types; TRC205 created for the treatment of fibrotic diseases; and TRC102, a small molecule that is in clinical development...
TCON
BNGO
ONTX
$TCON daily chart. January 16 2020 traded half it's float.
March 2020 - Covid
3/16 to 8/27 Consolidation and huge block orders.
Notice how regardless of the price, OBV is climbing higher and higher steps up, 1 step back 2 steps forward. Simple addition then subtraction rules apply and add and subtract green/red days volume for...
A lot of good things going on with this ticker. Huge consistent insider buying since March, long term crossovers, accumulation, fading volume after big move, and its a low-float stock. If this is wave 1, expect a push up to $7 dollars and higher. Earnings is on November 10, so it has some time to run before then. I am not a fan of holding into earnings. Too much risk.
News out there so the companies not stale. AI, curing cancer and all that kind of stuff. Falling wedge pattern with a triple top Low float low outstanding shares we should see this rip up soon
