Clue: It is one of the most over-used and misguided technical patterns referenced on tradingview.
If this company starts to hit milestones and execute with its disruptive biotech plans, this stock is an easy double in very short order.
This is the most dramatic descending wedge pattern I have ever seen. The upside on this wedge will be equally dramatic.
This actually points to $0 by December, with many places to find support and then breakout along the way, as indicated.
Enjoy the ride folks,
Large insto bets have been placed at this $4 level. My feeling is this price level will hold, in which case it is only a matter of time before it breaks out of this descending chanel. An impulsive move up is then likely.
Positive divergence on MACD.
This chart was just waiting for the RSI to hit oversold, on low volume. Long weekends often help with this.
Likely see a bounce at least, within the next 18 hrs, and resumption of upward momentum.
The stock has traded well on this basis for the period indicated.
If the gold price is supportive this summer and there is no bad news then we can likely see PT-1 $8.83.
If gold rice is supportive and they surprise with consecutive positive earnings announcements - then we may have an opportunity to see PT-2 at $12.