Apparently price is forming a invers HS to break out the triangle. The $0.5 area is a string support. I'm giving it a wide SL because is very volatile. It could take a few more days or not. Never know with penny stocks.
Nothing much to be analyzed on the daily timeframe as it's mainly consolidating. On the 4H timeframe, we can see price created an equal low at 0.8123, which could be a target for a short-term retracement. We see price took the highs at 1.0200 and drop immediately, signifying strong bears in control. I expect the sell-side liquidity at 0.8123 to be taken out before...
NASDAQ:ALZN
Possible Scenario: LONG
Evidence: Price Action,
Call options, Strike 5$, 09/17/2021 20%
Call options, Strike 2.5$, 10/15/2021 80%
*This is my idea and could be wrong 100%.
Pupm&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 this idea as a recommendation for trading or investing. It is...
Alzheimer’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 see ya
