Short Term Trading Week Starting: 08 Jul, page-19

  1. 2,664 Posts.
    lightbulb Created with Sketch. 154
    STTCOMP ACW TA LONG

    ACW - Actinogen Medical
    Biotechnology
    Market Cap: $183M
    Last price: 6.8c

    In my last post I mentioned that ACW could go above the 9c line because that is the 161.8% Fib projection of the pyramid. That was when the share price was hovering around 7.5c, so about a 20% gain could have been made. However today the share price has retraced and is currently sitting at 6.8c. This means that the possible upcoming swing to the 161.8% line could bring a greater return, more like 30%+. This is based on ACW's similarity to NXM.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.