Here is the daily chart; breaking out of continuation wedge and still holding well over 200 EMA. Still in BULLISH trend for ST-MT hold.
I did not expect it to close over 24-28c yesterday but it did. Likewise, did not expect it to sell down to 25c but it did. The only reason I can see is the stale holders highlighted in Yellow box & remaining IPO holders, which are mostly out or will be out by tomorrow. Once supply done, NTI will continue to move higher from $15m MC and will get to 55-63c target on further progressive news. While some Biotech and tech companies already trading over 100m MC without any revenue, not sure why NTI will be left behind once further contracts and validated results are out along with progress towards FDA.
(Disclosure : I am always Bullish on the stock I hold and so none of my post should be taken seriously)
