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dfwhockeyguy
Oct 17, 2018 1:41 AM

SCYX Double Bottom Long

SCYNEXIS, Inc.NASDAQ

Description

Risky biotech play, double bottom hit today @ 1.05

Trade closed: stop reached

Double bottom failed
Comments
tomcpa
Double bottom broken, now what? Looks like it want to go down to 0.80? thoughts?
dfwhockeyguy
@tomcpa, If bottom never bounces, I stay away. It hammered off 1.05 initially but then returned back to 1.05. Best moves are driven off green hammer candles on double bottoms.
tomcpa
@dfwhockeyguy, Thanks! Your thoughts for a rebound?
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