Today's positive trial data pushed Solid Bioscience's stock above $7 before the offering news weighed on upside momentum. Despite this, I have my eye on a key multi-month trendline that suggests potential support around $4.48, which remains 11.17% above the offering price of $4.03.
This level aligns with prior trendline resistance on the downtrend, now potentially flipping to support. With strong initial trial results still in play, I’ll pull the trigger around $4.48 if it holds.
After more than three decades of trading, much of it focused on the biotech sector, I’ve learned that chasing these scenarios rarely ends well—patience always pays. IMHO, for those without a position, sitting on your hands and waiting for confirmation at support is likely the smarter move.
Chart tells the story—watch this level closely. Good luck to everyone. 📉📈
This level aligns with prior trendline resistance on the downtrend, now potentially flipping to support. With strong initial trial results still in play, I’ll pull the trigger around $4.48 if it holds.
After more than three decades of trading, much of it focused on the biotech sector, I’ve learned that chasing these scenarios rarely ends well—patience always pays. IMHO, for those without a position, sitting on your hands and waiting for confirmation at support is likely the smarter move.
Chart tells the story—watch this level closely. Good luck to everyone. 📉📈
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.