A cup and a handle if I ever saw one!
Diamyd has been reporting some great news lately: the Diamyd vaccine showing great results in clinical trials conducted in January this year , as well as getting their manufacturing plant ready for production of the vaccine!
Notice the rising trend in accumulation/distribution, following along with the price action....
Diamyd chart has repeated this descending wedge pattern, followed by breakouts, thrice during the past three months. A fourth inning is in sight, as they are getting ready to head into the phase III clinical trials (labeled "DIAGNODE-3") of their diabetes vaccine "Diamyd".
The stock price is consolidating in a triangle formation closing in on the SMA 200 line. Likely to bounce up with an approx. 30% upside to the previous support / resistance level.
