8791877 = Shares as of 31st December + New sales to BCPE
@
initial book value of 10.12 + (443k shares @ 22.56)
= 10.832665237 new book value
+
approx 4230000 of shares and warrants sales approx near @33.5
= approx 18.84$ / share
+ $5M in cash payment
= 19.22$ / share
Total Shares = 13021877
Anticipated quarterly loss between 2 to 3$ per share
264M$ on...
PRAX is forming a pretty clean cup and handle on the 65min chart. It also just filled a gap to the upside from March 2023. Been riding above the EMAs and the 50 just crossed the 200. RSI near overbought, but I view that as a sign of strength in this case. A clean break on volume above $46 could see this nearly double, quick.
13.8$ 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!!!
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.
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...
