HEMO could break up from hereCorrection could be complete here and this would be the bottom of the channel from the start of this move up. Targets are still well above the 20p region, a great place to start accumulating. If it breaks down the Y wave should end in the 7.7-7.9p region. I dont see that coming based on dropping volume on selling but that would be a bargain to buy in. Sub 10p is already a high demand zone.
HEMO
HEMO - in move to wave 3Massive winner today Hemogenyx (HEMO) moved 55% in 1.5h before market close on the news drop of working closely and in agreement with Eli Lilly. The correction has been clearly completed and there were already signs of this impulse up with the sub wave 1 and then sub wave 2 correction days ago. The larger Wave 2 is complete already and we are in the most bullish phase now.
Targets are marked for the wave 3 upside, of course it can extend well further than the conservative targets of 1:1 and x1.618 extension only.
Hemo is working closely so far with 2 giant Pharma companies. Their research is truly significant and has a massive potential in their future value.
The mcap is well undervalued on this future potential and on the recent news.
Hemogenyx has much more in this bull runFrom the 7,5p range this will burst off towards 15p previous top target. The news of the collaboration with GlobalCo is reinforced and is confirmed to be a positive collaboration based on expected outcome. We expect something materialised out of it in 3 months. Therefore the upside potential is remaining multiple.
Hemogenyx will pump nextI see 5th leg of the Wave 3 is still missing, touched this trendline and expected to pump more.
News are due potential is big as always, but more importantly buyers are lining up, Selling volume is constantly declining on dropping price which means accumulation and a rocket sign. Multibag potential with this small company, very much undervalued yet.