CryptoFundManager

DARE Bioscience Target Upside Potential 129.52%

Long
NASDAQ:DARE   DARE BIOSCIENCE INC
Analyst ratings:
12/18/2020 HC Wainwright Initiated Coverage Buy $5.00
12/7/2020 Roth Capital Boost Price Target Buy $7.00 ➝ $9.00

The indicators are looking bullish too!

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Comments

Technicals: A base started on 7/14/20 at $1.77, the high of the day. Between 7/14/20 through 1/19/21 accumulated nicely creating a solid base, more specifically a cup pattern. On 12/01/20 the base breakout price of $1.77 was tested with a high of the day $1.60. An expected shakeout between 12/01/20 and 12/18/20 occurred, then on 1/19/21 breakout day confirmed with a 2000% increase in volume with a price high of $2.68 closing at $2.36. Last month fund ownership increased and has been on a steady increase since 2019.

News: The company has a couple of anticipated milestones to watch out for this year. The NDA for DARE-BV1 for Bacterial Vaginosis is expected to be submitted this year. The topline data from a phase I trial of DARE-HRT1 is also expected this year. DARE-HRT1 is being developed as a potential new option for hormone therapy (HT) for the treatment of vasomotor symptoms, commonly called hot-flashes, and the genitourinary syndrome of menopause to prevent bone loss and fracture associated with menopause.

What to do now, more like what I'm looking for :-) : Another base to develop prior to taking another position. Would like to see support at $2.00, worse scenario $1.77. Looking for the 10 and 21MA's to provide support. Depending on price / volume action see how DARE performs at the 50EMA, todays price $1.85. Looking for the 50EMA to remain above $1.77 to continue creating another base prior to moving upwards.
+1 Reply
@works2020, great, man!
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this is one hella retrace!! buy more or hold?
+1 Reply
CryptoFundManager FLIPPIN_TIGERKING
@FLIPPIN_TIGERKING, as you wish :)
+1 Reply
Very resourceful, thanks for sharing.
+1 Reply
@abel11, thank you for following!
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is it still a good entry?
+1 Reply
@AShahin, I just got in!
+1 Reply
CryptoFundManager CruiserSpentIt
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@AShahin, i saw it late. i hope you had good profits.
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