For the past year, FLEX PHARMA INC - NASDAQ:FLKS has found itself in base mode with the exception of a handful of sharp violent upside moves accompanied with large volume as is evidenced in the Daily chart above.
In addition, we can observe that FLKS presently finds itself trading above all of its important moving averages 20/50/200 DMA's, which is technically healthy.
We are watching the action very closely here as we suspect that we may very well be nearing another potential explosive move that should such development occur, we would not be the least bit surprised if the stock were to power-up into the $0.75-$1 zone in rapid fashion.
Thus, both investors/traders may want to put FLKS front-and-center on their radars with a close eye on any volume pick-up that may provide clues that the stock is ready for another potential burst into northern ground.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
To receive our alerts via email and SMS, join Insider Financial for Free at insiderfinancial.com/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.