NWBO a great start but realistically a STRONG buy above 0.85
NWBO has a lot of promise as a biotech play.
Examine the more aggressive sell channels and ensure that the price does not start respecting the more aggressive channels. If NWBO breaks out above $0.85 (it's actually the highlighted portion of the red sell channel that is multi-year. So if it breaks above the red-sell channel, then anything under $1 will be a deal as there will likely be strong momentum.
Price is currently medium bearish but not fully bearish. Fully bearish channels have been given and of course if the stock starts to plummet through multiple bearish channels, then best to ditch entirely. To make it simple, the stock above $1 is really where you want to start buying, so having a starter position now is OK, but you want to invest more above the $1 range prior to 2024 IF the stock goes up, you want to add with the market.
Examine the more aggressive sell channels and ensure that the price does not start respecting the more aggressive channels. If NWBO breaks out above $0.85 (it's actually the highlighted portion of the red sell channel that is multi-year. So if it breaks above the red-sell channel, then anything under $1 will be a deal as there will likely be strong momentum.
Price is currently medium bearish but not fully bearish. Fully bearish channels have been given and of course if the stock starts to plummet through multiple bearish channels, then best to ditch entirely. To make it simple, the stock above $1 is really where you want to start buying, so having a starter position now is OK, but you want to invest more above the $1 range prior to 2024 IF the stock goes up, you want to add with the market.
Comment:
Look for continue pressure above the top yellow sell line above $0.60-$0.65 cents for buying pressure, take any bounces long above $0.75+ cents, do not average down if below the $0.50 range.