*********This is truly speculative as there is no fundamental reason for this to be attracting attention, but it could very likely spike in the coming days. This is a pre clinical company so news has a major impact on price.*****
Microbot Medical, Inc. is a pre-clinical medical device company, which engages in the research, design, development,...
Not super confident on this set up, thus the tight stop.
It may consolidate for a while or just fade.
looking for a spike that forms the double top.
If fail I will wait for a short set up to fill the gap.
In addition to this study, the Company previously announced data from two pre-clinical studies that were performed at leading U.S. academic institutions:
-In-vitro study, which was performed at Wayne State University, supports the SCSTM’s potential as a viable technology for preventing occlusion in shunts used to treat hydrocephalus.
-In-vivo animal study, which...
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MBOT seems to experience spikes on a regular basis. It appears we are overdue. The stock has formed a strong multiple bottom and has been trading between $1 to $1.30 for a while. EMA9 has crossed over EMA20 within the last couple of days. Price is soon going to cross EMA50. More info on the chart. Also, the strong bottom is at $1 while price is at $1.07. EMA9 is...
Break of the 50 day EMA today, looking for this momentum to continue tomorrow. Entry over $1.22 with a target of $1.40. Support for stop placements @ $1.18 for the tight stop and $1.13 for the looser stop.
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