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ChristopherCarrollSmith

Zynerba Pharmaceuticals in upward channel

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NASDAQ:ZYNE   None
Chart Patterns Parallel Channel Triangle pharmaceuticals biotech
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chartpattern parallelchannel triangle pharmaceuticals biotech
Zynerba Pharmaceuticals has been surging since it got added to the Russell 2000 and 3000 indices. It is in an upward channel, just broke trendline resistance, and looks strong on the indicators, including high buying volume. It will meet short-term resistance around 16.47. Look for a break above that level on volume.
Komen:
Wow! Glad I didn't try this play; it turned bad pretty fast. Looks to me like ZYNE is now forming a pennant or flag.

snapshot
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