AndyTheKing

ONTX - Huge long-term potential

Long
AndyTheKing Premium Updated   
NASDAQ:ONTX   Onconova Therapeutics, Inc
From a high timeframe outlook, ONTX looks primed and ready to go. However, as a rule of thumb I do not chase up markets. Sure, the price can keep going up but there are ALWAYS other opportunities that can be capitalized upon with cleaner entries.

A retest and continuation of the 0.382 fib would be the most aggressive and likely realistic entry. Failing that, a drop down to the 0.618 fib would be nice too.

Good luck!

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Comment: Monthly chart, absolutely beautiful.


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