In this example on the PRAX Daily Chart, you see a bullish double bottom fail to extend to new recent highs due to it being a part of a larger bearish pattern. It demonstrates that the typical behavior of chart patterns can fail to produce their typical results if found within larger chart patterns.
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13.8$ being yesterday's high, today it registered a new 52 week low of 12.71 and rebounced 9% already, Also rebouncing from the daily RSI level as low as around 24.4 up to 38.38 so far! Should the stock close above 13.8$ today, that's a Strong indicator of the trend reversal to the upside!!!
IPO intraday trading strategy idea Praxis Precision Medicinesis is a clinical-stage biopharmaceutical company translating genetic insights into the development of therapies for central nervous system disorders characterized by a neuronal imbalance. The share price is rising and gonna continue this trend today. The demand for shares of the company still looks...