Lightwave Logic (LWLG) Daily July 2021Looking for a bottom...and some real buyers! The 61.8% retrace of our 1.05-17.24 swing sits at 7.23. That might be an area to look for, and would also give a double bottom bounce confirmation of a fib extension move to the $20s-$30s in the next 120 days.
Lightwavelogic
Lightwave Logic LWLG - Hourly July 2021The new shelf registration (basically 10% dilution) could potentially create more weak hand selling/stop-loss raids, leading to a PPS possibly as low as that 4.50 area.
That said, the RSI is showing solid support on the 1 hour chart and the bullish channel support line is still intact. I would love to see the new 50% swing (17.24-7.31) retrace of 12.28 get tested this week.
Our new potential trading range could be between $7-$17 until official revenue guidance is provided. Given what we know here, a market cap of $1b-$2b feels about right IMO.
The 3.15-17.24-7.31 fib extension is pointing us to a target zone of $21-$30.
Lightwave Logic LWLG - 4 Hour June 2021LWLG meets all requirements and will be uplisting to NASDAQ this year. The photonics market can reach 20B+ by 2025. LWLG's market verticals include Tier 1 players like Facebook, Google, AT&T, and Verizon. They are currently working with multiple foundries, packaging partners and module/transceiver partners in the Protyping/Piloting stage (under NDA), with a next-step focus on Manufacturing. With 70+ Patents and a solid balance sheet, this one is worth the DD. Check it out!
