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gkm
Jan 4, 2023 6:16 PM

Hero Trade Long

First Wave BioPharma, Inc.NASDAQ

Description

Low float momo popper (or pooper). Good risk-reward. First target 4.50 and then 17.5.

Comment

Positive news on Friday. Expected first area of potential resistance 2-2.40, then 4.50ish.

Comment

Updated chart for split with first target range.

Comment

On the move this morning. Already traded 3/4's of its shares outstanding, in the pre-market. Time will tell where this goes from here.

Comment

So many crap stocks that, like this one, have been crushed and now look ready to pop higher. Is the Fed going to spread a little irrational exuberance - or is the market going to say f the Fed we've got trillions of dollars to dispose of somewhere before they are worthless.
Comments
rulek3
You nailed it
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