Abeona Therapeutics Inc is a leading clinical-stage biopharmaceutical company. The Company develops novel gene therapies for life-threatening rare diseases. I guess the stock can surge at least to $4.94.
My trade levels:
Entry: $3.92
Take profit: $4.94
Stop loss: $3.59
Risk/reward: 3.09
NASDAQ:ABEO
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Key Takeaways
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Important Gann Levels broken (Bullish)
Double Bottomed (Bullish)
Gap to Fill (Bullish)
Indicators Have Plenty of Room To Run
Lots of Volume Showing Accumulation (Bullish)
Short Term Consolidation and downward movement to mid 1.5s is possible To Fulfill the Falling wedge pattern, Which...
Currently ABEONA THERAPEUTICS INC is over sold! I have place a good buy zone to enter in on this stock. I would love to catch this stock under $5 maybe around the $4.50 range. I would suggest buying a few shares now at the current price. If price goes down into the buy zone I would definitely go about buying more.
(Please Comment Your Thoughts Below)
Recessive Dystrophic Epidermolysis Bullosa (RDEB) is coming very soon, plus AIM Vectors with gene therapy entering into play.
On the technical side we have reached the end of the line for the ABC sequence, from here a very natural flow will take place back towards the highs.
Best of luck
