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Barkworth
May 7, 2019 7:05 AM

ZYNE double top on good news 

Description

ZYNE was consolidating healthily and with some extreme volatility. Yesterday we got the good news (fast track for ZYN002), and immediately some renewed buying pressure. Lots of profit taking along the day, and closed the day near the top, which is generally considered a bullish sign.

Bearish divergence between the top, just 4 days ago, and yesterday, however, so be careful as we may see another dip today.

Comment

Beat on earnings. What is it going to be :-)
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