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dRends35
Dec 29, 2021 12:40 AM

TNXP - Rip To The Downside Coming Up 💀 Short

Tonix Pharmaceuticals Holding Corp.NASDAQ

Description

Look at the circles - price nestles on support then falls through.

This was over as soon as price broke through the 200DMA btw.

Dont say I didn't warn you.

But this is not advice - just my thoughts with a chart.

Comment

Break to the downside as i suggested. It might make a finger top grab back to the cliff top, or perhaps even more who knows, but this name is heading down then down down some more.

Comment

Finger tip grab printed.

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Buh-bye! 🐻🐻🐻

Comment

Getting smashed.

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Some people like inverted charts so here's one - You can see price breakout from the trendlines to then break out from ATH resistance, re-test as support, fakeout wick to the downside, then breakout to the upside.

Buying or holding in this area is "a hope and a prayer" trading.

Comment

Any question?

Comments
stormtroopin
i think you're right bud
SabahEquityResearch
Great analysis, good luck
stormtroopin
well done.
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