Just an idea, not the financial advice. Do your own research.
It has ~2-3weeks of consolidation within the box with the support area at 18-19.
It gapped down because of the offering. And the offering in biostock is usually a temporary weakness and the money from the offering goes not just for corporate purposes, but to boost research or move forward with the approved drug.
I expect it to move up out of the box. The box area is the best chance to build the position for me for a potential 50%+ upside movement.
It has ~2-3weeks of consolidation within the box with the support area at 18-19.
It gapped down because of the offering. And the offering in biostock is usually a temporary weakness and the money from the offering goes not just for corporate purposes, but to boost research or move forward with the approved drug.
I expect it to move up out of the box. The box area is the best chance to build the position for me for a potential 50%+ upside movement.