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dRends35
Mar 4, 2022 12:48 PM

TNXP - A Chance To Get Out Short

Tonix Pharmaceuticals Holding Corp.NASDAQ

Description

Yesterdays bounce with gap is almost certainly a short covering rally at phi relation taken from 3 significant pivots.

It essentially provides buyers with a short window to get out with a small amount of grace.

Most likely service will be resumed to the downside and that gap will fill.

That said I'm not a financial advisor and your trades have nothing to do with me.

Comment

Press play and see that the gap has filled just as I said it would in just 2 days. That was your bully rally btw - the gap was smart money covering their shorts out of hours and causing a big star candle short squeeze rally.

TNXP will trend to the next relevant fib before another bounce which will most likely be a long way down.

Not advice.
Comments
HHSPN
It really was a chance to bail... TNXP announced 1-32 reverse split. It is done. Bitfink also gave up.
dRends35
@HHSPN, 👍🏻.
blueboy356886
I got caught by that FDA scam, thought I was buying the dip at 0.25 for a continuation upward. Same as the MULN battery pump scam, bought the dip at 0.90.
dRends35
@blueboy356886, Its taken me a while of watching these charts to come to the realisation (I think) that these are just short sellers charts. There's plenty of pamp in social media etc to lure in buyers but they become lunch in a perpetual distributive short party.
blueboy356886
@dRends35 you think Fink was a paid shill for TNXP?
dRends35
@blueboy356886, No I just think he dreams big, but the market doesn't care about dreams.
dRends35
@ArtfulDodger1974, Yes it was good he made that recent exit thread.
blueboy356886
@dRends35 anyways no point selling at a loss, will hold see what happens.
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