Geron Corporation in recovery. GERNB or X Wave. Recovery within a recovery.
This is a reflection using technical analysis + only and we do not consider valuation and macro factors at this stage.
The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Geron
The risk is worth the big upwards potentialDid some fundamental DD and i see many upside potential in this stock over the long term. Why is this stock so cheap to begin with? The stock is undervalued and should be at 8-10 dollar range atm.
Now is a good time to buy. Every negative thing that can happen is already baked in the stock price. Not much to short anymore. When things don't work out, i don't see the stock go completely to 0. Geron doesn't have any debts. Biotech is however risky, don't put all your life savings into this company...
Best case scenario this stock can soar to triple digits with a lot of volatility. First target is 20 dollar.
For now, let's wait for the catalist we need. FDA approval will take probably a year at least. Best case scenario few months before the end of this year. This far the clinical results of imetelstat look promising.