Or so we believe. Not really basing this one on Elliott Waves - none have yet occurred in the consolidation phase yet. And that is fine. In our experience, provided we are correct in the assertion that the impulse is truly over, we can infer that there is a high chance for a retrace to a level. Inn our experience most retraces get to at least as low as 0.618. We...
XTLB is going to consolidate a little at the current price before continuing on the up trend. We will buy once price pulls back to $3.02 or lower. Taking profits at various levels.
Short float, Low volume starting a small position for this week only
The price action recently shows accumulation and there is a recent high volume bullish spike. A noted biotech investor has increased position in this company lately. There is an inverted head and shoulders reversal pattern on the chart.