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AndyTheKing
Dec 4, 2020 2:15 AM

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

Salarius Pharmaceuticals, Inc.NASDAQ

Description

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