Panjang
Lightwave Logic LWLG - Hourly July 2021
The new shelf registration (basically 10% dilution) could potentially create more weak hand selling/stop-loss raids, leading to a PPS possibly as low as that 4.50 area.
That said, the RSI is showing solid support on the 1 hour chart and the bullish channel support line is still intact. I would love to see the new 50% swing (17.24-7.31) retrace of 12.28 get tested this week.
Our new potential trading range could be between $7-$17 until official revenue guidance is provided. Given what we know here, a market cap of 11B-22B feels about right IMO.
The 3.15-17.24-7.31 fib extension is pointing us to a target zone of $21-$30.
That said, the RSI is showing solid support on the 1 hour chart and the bullish channel support line is still intact. I would love to see the new 50% swing (17.24-7.31) retrace of 12.28 get tested this week.
Our new potential trading range could be between $7-$17 until official revenue guidance is provided. Given what we know here, a market cap of 11B-22B feels about right IMO.
The 3.15-17.24-7.31 fib extension is pointing us to a target zone of $21-$30.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.