Akorn Inc. Long

20 gen 2020

The price of akorn inc. recently dived due to the news of possible bankrupcy, in addition to a Head and Shoulders pattern. Price has most likely reached its low and will likely impulse in a new continuation, confirming the Bull Flag. Price has also hit the bottom of a high time frame expanding structure and will likely go a lot higher. Many sites and analysts indicate that the stock is underpriced, good short/medium term hold, but is something of a risky trade. First target will be around 25%.