I must say I assumed from reading lady tea leaves the toxicology announcement was THE announcement to bring that region from $2.3-$2.4 into play (LT O/H resistance descending on a gentle gradient). Given the time of year and inflation concerns, this information may have not been imputed into my AI bot therefor not considered by my Nostradamus eye.
Looking into the near term future, the O/H resistance will act like a magnet, the question is HOW will the RAC price lift to meet the magnet above.
I peer into the 3 month future and see 3 possibilities;
1. A stealth ascent as the market becomes quietly exited about all the recent announcements. 2. First patient dosing - a significant de risking event (for the wanna be trailblazer). 3. A drift lower into another positive announcement! AND THAT COULD POSSIBLY MEAN PARTNERSHIP OR BIG PHARMA SNIFFING.
RAC Price at posting:
$1.79 Sentiment: Buy Disclosure: Held
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