What's up my financial amigos and amigas! Hope all is well. Haven't posted in awhile but thought I'd share this: TNXP. Pharmaceutical company with decent history and negative earnings but continued improvement and growth. Working on approval from FDA after successful phase 3 trial of Fibromyalgia drug (among other projects).
Obviously, this is a more risky...
if we continue to hold our ascending line we going to see a breakout at our current resistant 2.90$+ , and the target level to take profit (2.40$-2.69$-2.90$).
NASDAQ:TNXP
We may see some movement on this one in the coming weeks just like SIGA. I have drawn out 2 levels of resistance with interest on my end after a clean break of $2.00. I will be watching for a technical setup in the coming days to decide whether or not I will take a position. (Not Financial Advice) Trade Safe
P.S my case on this one is just like SIGA so you can...
Requested Analysis
Resistance at 3.02 and 4.75. Generally, I would not recommend this kind of chart and industry. The biotech industry tends to have a very volatile nature. It is usually driven by news/rumors. Extremely hard to predict. If you're lucky, you may get a 20-30% rally price due to some random news. OR.. you can be stuck at this counter for a very...
Tonix is a producer of the TNX-801 vaccine, effective against Smallpox and Monkeypox.
But that`s not all!
They have a strong balance sheet, Cash and Cash Equivalents Totaled Approximately $140 Million VS its mk cap of only $44.03Mil.
Seth Lederman, M.D., Chief Executive Officer of Tonix: “Tonix is making meaningful strides developing our rich portfolio of high...
A 10 year falling wedge about to break-out, NDX extension about to be approved, multiple products in the pipe-line, how high can this go... in the short-term, still believe in my $1.50 mid-term target and $4 long-term target.
I like how price is shaping up (higher high and higher lows).
The oscillators I like are all finally headed in the right direction (green MACD histogram and line about to cross above 0 is good to see).
RSI is above 50, which is another good sign.
It's early days, but TNXP may have found the bottom (?).
Oh, and there was a lot of institutional buying in December...
Yesterdays bounce with gap is almost certainly a short covering rally at phi relation taken from 3 significant pivots.
It essentially provides buyers with a short window to get out with a small amount of grace.
Most likely service will be resumed to the downside and that gap will fill.
That said I'm not a financial advisor and your trades have nothing to do with me.
@BitFink got me interested in TNXP, wasn`t able to see it at the time Fink already did, but it`s getting more clear every day on all the time frames, a reversal is forming, an upside breakout can happen at any time now, this stock has the potential to reach $1.50 in a short amount of time and $4 within this year. I stacked 24.000 shares at an average of 0.29 and...
Log chart.
Time will tell, but this could be the start of a breakout. I've been here before, so I'm cautiously optimistic.
The oscillators don't look as promising on a 1M chart, and that's worth keeping in mind, imo.
Have fun and be safe.
TNXP looks like it may be breaking down from a continuation pattern.
Price has never moved past the 20Mma and it is brushing against it here. Good chance collapse is coming and another leg down the mountain.
If it is a continuation then from the thrust candle top, a 1:0.618 extension takes price to $0.029!
And a 1:1 would see price get to a staggering $0.0018!...
Look at TNXP on the 3D chart and you'll see it barely even recorded this recent upthrust such was the following selling pressure.
It just goes down and down and down some more.
Down another 11% today.
This is a nightmare chart.
Not advice.
