ATNF has made higher lows since it gapped down in mid August. The price is still oversold with an RSI just under 50.
The most recent candles have tested the 200MA and the .23 fib levels. Yesterday's candle made an inside bar which is a bullish signal in an uptrend.
Looking for the price to move over the 200MA, preferably with volume to confirm.
ATNF 180 Life Sciences Corp. received a Private Placement of $15.0 million for 2,500,000 shares of common stock at a combined purchase price of $6.00 per share and accompanying warrant at an exercise price of $7.50 per share and will expire five years from the date of issuance.
I consider this 7.5usd price warrant to be the next price target for ATNF.
Pupm&Dump trading strategy idea.
$ATNF 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 $11,28;
stop-loss — $12,00;
take-profit — $9,86.
Do not view this idea as a recommendation for trading or investing. It is...
This is in no way, shape or form, fluid and function, an analytical, qualitative or intelligent compte rendu. There is absolutely no financial advice here because the only financial advice I can give is to research, research, and research. The purpose of this analysis is to serve as an example of an investigation into a company's background,...
The founding team members at 180 Life Sciences Corp. (NASDAQ: ATNF) are the recognized pioneers of research and development in anti-inflammatory therapeutics.
180 Life Sciences is a clinical-stage biotechnology company that brings together the expertise of world-renowned scientists to develop and test novel treatments for inflammation and is currently working in...
Very carefull the sotck is on a clear downtrend...will it bounce back..well if it does this is one likely scenario...coul happen in th enext few minutes or deep a dolar lower and play out.
IF YOU ARE STUCK TIME TO ADD UP..:) OTHERWISE POSIBLE DAYTRADING RUN
Look out for the play.
MACD rising and the price seems to be respecting the 50 SMA as a support level. RSI is rising but still on the cool side. Also the price broke thru to the good side of the weekly trend line to test the .38 fibonacci level.
Break out over $4.88 Target $7.67