The gap up out of accumulation seen here is quickly cancelled out by way of significant retracement, I could still this breaking out...but not before another period of accumulation at this new level. Time will tell.
COMPANY IS IN STAGE 2 OF A DRUG FOR PTSD SO i AM LOADING UP ON IT IN THE EVENT THE FDA APPROVES THE DRUG
ALSO TO ME THEIR ASSETS EXCEEDS THEIR LIABILITIES MEANING THEY'RE ABLE TO PAY THEIR BILLS
Earnings reported on 8.05 caused a positive movement to 2.73, TNXP had a large down day on 9.02 reaching the pre earnings price level then closing higher to a prior resistance level. If the prior resistance level that was established pre earnings can be broken, with positive momentum the price may return to the earnings positive prices. If not further movement...
Ticker gaining positive sentiment over the weekend. FDA approval expected in Sept. after previously submitted positive Phase 3 results. Current PPS shows minimum R/R Ratio of 2.71. Will be looking to open half position swing entry at $2.20 and completing fill > $2.90.
