Penny stock tradeApparently price is forming a invers HS to break out the triangle. The $0.5 area is a string support. I'm giving it a wide SL because is very volatile. It could take a few more days or not. Never know with penny stocks.
−2.36USD
−14.878MUSD
3.263M
About Alzamend Neuro, Inc.
Sector
CEO
Stephan Jackman
Headquarters
Atlanta
Website
Employees (FY)
4
Founded
2016
ISIN
US02262M4078
Alzamend Neuro, Inc. is an early clinical-stage biopharmaceutical company, which focuses on developing various products for the treatment of neurodegenerative and psychiatric disorders. The company's pipeline includes AL001, which is in Phase II clinical trial, and delivers a therapeutic combination of lithium, proline, and salicylate for the treatment of Alzheimer's, bipolar disorder, post-traumatic stress disorder, major depressive disorder, other neurodegenerative diseases, and psychiatric disorders, and AL002, which completed preclinical stage, and uses a method using a mutant-peptide sensitized cell as a cell-based therapeutic vaccine to restore the ability of a patient's immunological system to combat Alzheimer's disease. The company was founded on February 26, 2016 by Milton C. Ault, III and is headquartered in Atlanta, GA.
ALZN AnalysisNothing much to be analyzed on the daily timeframe as it's mainly consolidating. On the 4H timeframe, we can see price created an equal low at 0.8123, which could be a target for a short-term retracement. We see price took the highs at 1.0200 and drop immediately, signifying strong bears in control.
Long | ALZNNASDAQ:ALZN
Possible Scenario: LONG
Evidence: Price Action,
Call options, Strike 5$, 09/17/2021 20%
Call options, Strike 2.5$, 10/15/2021 80%
*This is my idea and could be wrong 100%.
$ALZN is gonna fall todayPupm&Dump trading strategy idea.
$ALZN is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $9,63;
stop-loss — $11,19;
take-profit — $6,52.
Do not view
ALZN - Stock/Option PlayAlzheimer’s stock… Been taking a beating. Good point to enter with a quick stop and potential wedge breakout in the next week. Above the red resistance trend line and you’ll see one or more of the white targets above. Good luck if you play. In the cloud is chop but if it gets above those red clouds
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