AndyTheKing

SLRX - Sky's the limit (550% potential upside)

Long
NASDAQ:SLRX   SALARIUS PHARMACEUTICALS INC
SLRX has formed a perfect bottoming pattern on the weekly chart.

Technical reasons for the trade:

Double bottom (and another smaller double bottom recently!)
→ Highest weekly volume ever
→ Break above the POC
→ Price still trading within the reload zone (0.618 fib)
→ Weekly price gaps above make for some nice targets
→ Clearly defined risk window

Good luck!

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Comments

I like the insider buys published today dec4th. Thanks for the analysis.
Reply
AndyTheKing altamo66
@altamo66, interesting, thanks!
Reply
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