wealth_bakery

SONA -- Rapid Coronavirus Test Kits in partnership with GE

Long
wealth_bakery Updated   
CSE:SONA   SONA NANOTECH INC.
Bought SONA on pullback at .67 - .70 to take advantage of the Coronavirus scare. Solid product/partnership with GE. Solid NR but currently caught up in market wide panic. Expecting a rebound.
Comment:
"When completed, Sona’s Covid-19 test is expected to produce results in 5-15 minutes and is anticipated to cost less than $50. It will not require any additional laboratory-based equipment and can be administered by a layperson at the point of care."
Comment:
Bull Flag setup could see a $1.30 hit on bullish breakout. For a stop loss, I'd look around .58 Fib level / bottom of the flag.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.