amateur_trad3r

Liminal BioSciences, a risky play

Long
NASDAQ:LMNL   Liminal BioSciences Inc
85% below the July peak of last year and 99% below its all-time high.

Orbiting a major support level around $4.

A capital injection began in mid-November that is still not properly reflected in price.

Stochastic at the oversold point and RSI close to touching it.

It could give the surprise of giving a significant bounce to the marked lines.

The risk is that it has been trading at a loss for some time.

"Liminal (Nasdaq: LMNL ) is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing novel treatments for patients suffering from diseases that have high unmet medical need, including those related to fibrosis in respiratory, liver and kidney diseases."