LMNL is a biopharma company of no incredible significance, but I thought the chart patterns were worth sharing. First and foremost, look at the runup in volume! Trapped beneath downtrend resistance, I'd venture to guess it's undergoing heavy accumulation. If it breaks through downtrend resistance, upside targets are in the neighborhood of $10 and $15 -- full stop, trade closed. At that point, I would fully exit my positions and wait for more data. If it breaks above the second layer of downtrend resistance with some key fundamental drivers, it could indicate the recent volume is driven by some sort of insider knowledge which puts the company back on the map with a multi-billion dollar valuation once again. I've seen crazier things in the bio sector. Let's see what happens.
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