XAIR - Beyond Air - $4.96 Retest - $6.88 PTNASDAQ:XAIR had a breakout from a larger Descending Wedge that it broke out of and continued consolidation. The company's catalyst: FDA Orphan Drug Adoption for Brain Cancer Drug Candidate.
Looking for some consolidation back to that level or projected support, seeing we're not finding support, but resistance currently at the $4.35s which it's need some continued support to push up from here.
XAIR
#XAI/USDT#XAI
The price is moving in a descending channel on the 1-hour frame and is expected to continue upwards
We have a trend to stabilize above the moving average 100 again
We have a descending trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at 0.2170
Entry price 0.2240
First target 0.2330
Second target 0.2463
Third target 0.2584
$XAIRstarted a small position now will get to full size on bottom of channel and in a demand zone for a swing. chart looks good, seeing the same thing that i saw with. ACY at 29. maybe same results. risk accordingly. if i get stopped out. i will re enter at a later date. dont bag hold if it doesnt go. cut and try again when you see a setup



