Looking at the pattern between the buy and sell periods, it looks like maybe one more step sown or continued accumulation before the buy set up is initiated. Looking at an end of april to a begining of june bull run for ptn and with the upcoming catalysts, shoud see a price increase from 1.50-2.75
Palatin Technologies is a little known pharmaceutical company that specializes in the development of peptide drugs. Palatin Technologies (PTN) is severely undervalued with a Market Cap of about $180 Million as of 3/17/21. Palatin has $72.2 Million in cash on hand as of 12/31/2020, and no debt.* Palatin owns and recently began marketing FDA Approved Vyleesi, a drug...
Canaccord Genuity analyst John Newman maintained a Buy rating on Palatin Technologies yesterday and set a price target of $3.00. According to TipRanks.com, Newman is a 5-star analyst with an average return of 24.5% and a 44.8% success rate. Newman covers the Healthcare sector, focusing on stocks such as Global Blood Therapeutics, Hutchison China MediTech, and...
Analysts have a price target between $2 and $3. Earnings report on 17 Feb 2021. They launch their first FDA-approved product Vyleesi to market in Q3 of 2020 which could potentially help 6 million women suffering from HSDD in the USA alone. This product generated $800 million in sales in Q3 and will grow over time as Palatin is currently the only company offering...
Very Strong Fundamentals..........AND ..........double CUP ...........UP.....UP....UP!!!!
Broke the sideway trend final elliot wave completion to be predicted this coming week
If the support at 0.811 can hold I Am looking for a continuation in the upward channel but a move below that support to 0.75 into consolidation. I do see the bearish engulfing candle forming on the weekly chart and therefore am on the bearish side of this bet.
PTN NEXT MOVE. BUY THE DEEP, DONT GO CRAZY & HOLD FOR 1 TO 3 WEEKS OR 20 TO 50 %
Buy at market and at 0,58-0,64 with a stop loss of 0,4 with a target of the black lines to scale out of the position.
Entry 0.38-0.43 Target 1.08-2
While all short term indicators and indeed weekly and monthly long term points to 1.11. We have seen Ptn has untangled layers of structure with break out after breakout in descending wedge. The most pivotal recently broken. Monthly targets here range from 1.68 - 2.08 but in current structure there could actually be a chance to catapult to $4-$7. I expect this...
Using OBV as a leading indicator on longer timeframes. The OBV has broken out on monthly and weekly timeframes. Surpassing the OBV at 1.11. In In current movement on monthly and weekly timeframes, this areas has been earmarked as the next area of polarity to pull the price upwards.
PTN producing 25%-90% returns thus far in the buy zone when falls below wedge line
Watching this for an entry. Plan is to buy whole shares, and hold.