Hi again, this looks like a nice setup! Going long NNVC at 7.58. My target is 7.95, but it can probably crack 8.00 to 8.22 or so, assuming it heads in that direction. As always, apply your own plan. Pointing out good setups is the best we can do for each other!
after a pattern analysis;
NNVC short-term has:
a 75% chance of falling to 9.20$ by March 11 at 9:30am open
a 25% chance of rising to 12.60$ by march 9 at 1pm and then falling to a price of 11.35$ by open on March 11 at 9:30am
chances of rising short term are actually inflated by a few percentage points because of the virus
NNVC long-term has:
NanoViricides (NYSEMKT:NNVC) jumps 36% after hours in reaction to its announcement related to its development plans for a drug to treat COVID-19 infection.
Management intends to conduct initial testing of its drug candidates in its own virology laboratory using low-threat coronavirus strains that have been normally circulating in the human population. If...
SHELTON, CT / ACCESSWIRE / January 30, 2020 / NanoViricides, Inc. (NYSE American: NNVC) (the "Company") a global leader in the development of highly effective antiviral therapies based on a novel nanomedicines platform, is confirming public disclosures in articles by various industry journals and other articles, that it is working on developing a treatment for the...
Flu vaccine makers' stocks jump following the outbreak of coronavirus from China.
World Health Organization accelerates diagnostics, vaccines, therapeutics for coronavirus.
There are 2 main stocks trading on heavy volume caused directly by this new possible pandemic:
Go long the NNVC if it trades at 2.74 or higher. If triggered, place your stop at 2.20 and exit the position for a profit at 3.15 or at your own discretion. (Signals are valid for today only. Always invest wisely).
Learn the rules of this strategy at: www.udemy.com