Zogenix Inc is engaged in developing and commercializing therapeutic solutions for people living with serious and life-threatening rare CNS disorders and medical conditions. Its product candidate includes ZX008, low-dose fenfluramine for the treatment of Dravet syndrome, LGS, and potentially other rare and catastrophic epilepsy disorders. If you want more trading...
ZGNX has broken the neckline level on this double top formation. I'm expecting a potential correction for one more wave down.
Weekly Chart: Somewhat of a cup and handle formation and now it is settling/handling on the flattened 200 day EMA, creating a base to breakout of. Narrow Bollinger Bands on the daily. On the both daily and weekly charts you can see the flagging. Long stock entries now or with a buy stop $20.85. Targets $27-31 and higher. Either entry has a stop below $18, also...
Been trading this one for a few months waiting for this convergence of technical, fundamental, and news and we get there this week. All indicators are pointing to the sky here and this has the capability to trade over 2.30 near term, depending on earnings reporting on Tuesday. Volume has been increasing, sentiment is skyrocketing, and technical lining up.
This stock has been driving people crazy but I think it is time to buy. FDA Approval and partnership looming.
Just figured I would share this classic technical trade #cupandhandle. Very bullish.