Long
SBTX Penny Biopharma on ROUNDED BOTTOM REVERSAL - Daily Chart
$NASDAQ:SBTX
with upcoming earnings
chart shows
s
- upport and resistance from pivots
ascending higher highs and higher lows
support /resistance from long-term volume profile
early reversal after May 13th earnings
uptrending EMA ribbon
pull back within the uptrend 7/15-7/27
rising relative volume since May 13th earnings
The potential red flag is the company seems to be
setting up for a merger at the end of the year
and a press release suggests that the only product
will be a decongestant nose spray ( Niffy)
with a new ticker SPRY
So the question is trade off the curent techicals
but pay heed to fundamentals and upcoming guidance
from earnings ? What is your opinion ?
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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.