Tetra On Track for 1.37 Close Next Friday. Special News announcements coming this Friday or Monday of next week. Pull back from 1.06$ ps has been modest at best with a 1.02$ ps close. Possible consolidation period from 1.01 - 1.06$ for tomorrow. In the event the share price passes 1.06$ per, the stock will likely jump to 1.12$, before its steady climb to 1.37$ per share. I suspect the special announcement will be a huge bull for the share price in the coming days. 52 point indicators show bullish continuation with possible dips of higher lows and higher highs. Stage 3 clinical trials on their lead drug PPP0001 is coming, preliminary positive results on their lead drug will undoubtedly have a multiple effect on share price. New 52 week highs are coming for TEtra Bio Pharma prior to Oct 17th, positive stage 3 results will likely more than double or triple its SP.
Pull back is happening, RSI in oversold territory, unable to break 1.16$ per share. Looking at consolidation of .95 - 1.06$ range. News on Monday may be able to stay off lower range.
MrLotus
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@isnarain, when you say rsi is oversold, which rsi are you looking at? Is it a 3day rsi on a 1day chart? or on a 1 hour or 15 min chart?
I use a 3 day RSI on a 1 day chart and, of course, the stock has been overbought for the past 4 days.
isnarain
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@MrLotus, Yeah, all charts show overbought. I'm using a 52 - point system with analytical software. I've stopped accumulating for the time being. Watching levels closely for continuation of accumulation.
MrLotus
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@isnarain, thank you for all the insights and analysis! :)
walakiim
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@isnarain, seems as though that ~1.07 area has held as nice support, personally I would be a bit surprised if it pulled down to .95-1.07 price point, quite the drop considering upcoming NR.
tho youre more knowledgeable, just my 0.02
isnarain
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@TTarc, My intuition is to buy, but "my" analytics are saying hold or sell.
isnarain
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And we have another price surge alert!
isnarain
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@isnarain, This will likely take into effect less 20 mins.
walakiim
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@isnarain, would you think consolidation near 1.02-1.06 is still a likely possibility? or is that out of the window? thanks
isnarain
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@TTarc, Consolidation will happen at a higher price point. 1.02-1..06 is long gone.