Congrats to those that took full advantage of EVFM. The stock closed up 19% on Friday closing the huge gap that I mentioned on May 30th "This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2". I sold all my shares yesterday.
Evofem Biosciences Inc (NASDAQ:EVFM) was on my list a few days ago, and has been slowly trying to make a move up. Volume starts to pick up again. This penny stock could make a huge move to the upside. Keep it on your watch list. A break of 87c with force might give the stock room to +$1.2
Been watching EVFM for a while now, I am new to chart analysis but wanted to share a few ideas. EVFM recently launched their new product PHEXXI and with that I wonder if it will stimulate the price action with upcoming earnings report. First line of resistance to break is around $2.40 and after that somewhere around 2.70. Any ideas fellas?
One of my favorite chart plays is the gap up play. This hit my radar last week and I plan on starting a small position Monday morning. Also has a solid support line and has been consistently trading inside the pattern. A high volume day and we should see it gap up without any problems.