$TNXP - swing idea / low risk reward set up -

TNXP - Recent 8K filed 10/2 - presenting / PR
Trending up making higher lows. buyers stepping in. Might start to run.
Short Float 6% finviz.com/quote.ashx?t=tnxp&...

Swing Idea:
Buy between red and orange line.. stop loss at.58.
Take profits (scale out at green line or if there is news and volume increase)

Daytrade Idea:
Watch for PM volume play over .73

Comentário:

10/26 - entire market has been bearish due to FED rate and Trump / China War.
It's in the buy zone but would wait for macd to go back to 0.01 and RSI to turn up. Low floater
Low volume but price has not move up yet.. watch volume next week for an entry.

Earnings next month. 11/7.

Comentário:

Present Phase 3 HONOR and Phase 2 AtEase Study Results in Poster Presentations at CNS Summit November 2-3

Trade ativo:

10/30 - Bought EOD (buyer stepped in)
10/31 - Nice PM pop.. scaled out some at high, move SL .76
If it stays within support area I will add again.

Trade fechado manualmente:

10/3 - took gains / ST on the rest at .76
11/2 - it's back at the buy zone but market still choppy. Will wait next week for catalyst play (Day Trade only)