Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when?
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
Commento
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Key upward trend has been broken, which was unexpected tbh. A pullback of 10 - 15 % was the max i was expecting and didn't account for the number of speculative investors.
Nevertheless, the company has cash to tide through for awhile and a very unique product that will not be easy to replicate (if it work)s. If I didn't feel ive had enough exposure, I would be buying more at this point.
Short term trading wise it might be a little risky, but still looking like a good investment in the longer term.
HODL!
Trade attivo
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Think about how immediately you need your capital. My average is still below this price and I don't need the cash for, so im still in it.
I’m also still in. Disappointing results for a Fragile X medicine. They did hit home for a select group of severely affected children, and will have a meeting with the FDA to discuss options.
I’m invested in ZYNE for Autism Spectre Disorder and Dravet Syndrome. There are good indications that Zygel will work as a treatment. I also particularly like that Zygel is a transdermal CBD dose administration. If you know something about CBD, it doesn’t get absorbed through the skin. All those quack CBD creams out there. Zygel really is the only one. I see enormous potential for this patent on a license basis, when big pharma finally gets into CBD. I think that time is coming soon.
I’m buying dips.
Chasing_Tendies
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ouch, my butthole hurts. apollo down...i repeat, apollo down
@BDM-Ibra, i bought several Jan 2022 $2.5 calls...so at least i have time on my side. its down about 40% ($500) right now...so i'll just ignore that for a few months :/
aozh
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@BDM-Ibra, ouch, might actually be a good time to look for a new entry to average down though. One hell of a Gap fill on a float stock if you look at the charts. Good luck!
franz_william
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Interesting - don't you think there's a resistance at 8.59 before hitting the 10.50 mark? I'm new to this, so still learning. :)
aozh
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@franz_william, hmm... I mark out points with high volume and didn't identify an 8.59 level resistance. Nevertheless, we all know what happened today and you can see my latest update. Happy trading with ZYNE!
I’m invested in ZYNE for Autism Spectre Disorder and Dravet Syndrome. There are good indications that Zygel will work as a treatment. I also particularly like that Zygel is a transdermal CBD dose administration. If you know something about CBD, it doesn’t get absorbed through the skin. All those quack CBD creams out there. Zygel really is the only one. I see enormous potential for this patent on a license basis, when big pharma finally gets into CBD. I think that time is coming soon.
I’m buying dips.