CryptoPsych007
Long

ADXS Long of Lifetime or OMG why did I buy that? Monthly chart

NASDAQ:ADXS   ADVAXIS INC
Method:
Bollinger Band/Keltner Channel squeeze happens when upper & lower KC enter into BB. Use RSI and Momentum to help determine price direction. Works great on daily charts when squeeze happens with increasing RSI and Mom (ideally above 0). However, the longer the stock is in the "squeeze", it develops a base in that price zone. Longer base means stronger base.

ADXS price has consolidated to an extreme which caused the BB to form a tight, narrow band. Price seems to have found a bottom and formed a very strong base. RSI and Mom are slowly increasing and volume consistently above normal.

Recent positive news from FDA and funding. FDA news was already priced in so smart money sold making a wonderful profit ( 2 institutions doing reg direct offering? ) Direct offering of 10 million at $1.05 likely provide a short term bottom and subsequent warrants 5 million at $1.25. Important to note that they come due 6 months after direct offering issued which should be 01/23/20.

It would be wise to prepare for this stock to trade in a wild range. I am mentally preparing for a drop to $0.81 because this stock has the makings of a life changing trade. MM's won't make it an easy ride!

This is my personal opinion and not intended as financial advise. Please do your own research and never risk more than you can loose (make sure you can sleep at night).

Best of luck traders

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