Long

SONA -- Rapid Coronavirus Test Kits in partnership with GE

Updated

Bought SONA on pullback at .67 - .70 to take advantage of the Coronavirus scare. Solid product/partnership with GE. Solid NR but currently caught up in market wide panic. Expecting a rebound.

Note

"When completed, Sona’s Covid-19 test is expected to produce results in 5-15 minutes and is anticipated to cost less than $50. It will not require any additional laboratory-based equipment and can be administered by a layperson at the point of care."

Note

Bull Flag setup could see a $1.30 hit on bullish breakout. For a stop loss, I'd look around .58 Fib level / bottom of the flag.

Trade closed: target reached

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