Heron Therapeutics, Inc.
Long
Updated

HRTX looking for a move to $24

Nice W formation with higher low long term. I believe this may break the upper trendline and make a run past all time high. At which point a short squeeze will be imminent. Earnings were just released a few days ago and were negative as expected. The selling of weak hands during this time allowed HRTX to make its move higher as it always does the days after earnings. If you look back the past two years it is a reoccurring theme with this stock...negative earning bring same day sell off followed by a week or two of upward price movement. What should be scary for the shorts is the unexpected good news. That will shoot this into the 30S and possibly higher. Good luck out there.
Note
snapshot

wow....what do you know about that. (sarcasm)

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