Bought this based off TA so can someone enlighten me on the following:
1. What is the TAM of the drug?
2. Has Phase 3 trials commenced?
3. When are the results of Phase 3 trials due?
4. How many patients are to be enlisted in Phase 3 trials?
5. Is this purely FDA or FDA and EU?
That is all for now
As for TA, too many noobs trade off pennant action which if it was that easy everyone would make money. Pennants are traps. Retailers watch them and trade off them, then get stopped out when they break, when in fact its a liquidity grab for instos. The reason for the big red candle is a stop loss hunt/liquidity grab
The key is to look at the longer timeframe WEEKLY chart for key spots
Key spots would be where the share price supported after it broke out. I am watching 2 areas, either 14 cents here or 12 cents if it breaks lower. Those are the lines to watch IMO. I have orders at each. At a MINIMUM DXB will backtest the breakdown at 27 cents in the near future IMO. Above that the stock gets VERY BULLISH. This is the time to buy, ignore pennants they are traps.
Cheers
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17 | 1252461 | 0.365 |
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Price($) | Vol. | No. |
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