After breaking through many support levels and grabbing liquidity , it seems like this stock might need some offloading which will make the stock go up in value.
After significant increase in volume , this stocks seems to hold at key levels , if we see more volume and interest spike ,looks like it might continue further upwards. (this is not a financial advice, please do your own research.)
All, Actually a decent company as far as potiential in a bio company. Looking at TA this really should bounce here to at least $3.25-3.50 area. However, as we all know nobody can purely gauge the market. I would suggest personally entering here with a tight stop loss. As always I try to show both sides if it were to move up here and break out then downside play...
Mentioned chart is technical analysis on LIXT , it is having very nice above 15% weekly volatility and strong trend support and resistance if any of these breaks , it will continue the path .
1. Morning star SOR at end of a short time down trend. 2. Stoch RSI oversold 3. Bullish MA intersection Using Fibo, I plotted my TPs on green, cutloss on red then entry at blue. After assessing possible gain over loss using average TP and CL point, there's possible quick bucks on this tomorrow or next week.
Why Lixte Biotechnology Soared heavily on friday? It seems as though retail investors are banding behind this ultra-low float stock, lifting demand and therefore, lifting its price. the company hasn’t issued any news. Nonetheless, it seems as though the retail crowd on Wall Street is banding behind the stock. there is quite a bit of discussion about the stock...