TICKER CODE: NMTR Company Name: 9 Meters Biopharma, Inc. Industry: Healthcare | Biotechnology | USA Position Proposed: BUY Technical Analysis 1. Large Inverted Head & Shoulders (Forming) 2. Fibonacci Retracement at 0.786 ( Silver Zone) 3. Falling Wedge / Pennant (Forming) 4. 1st Take Profit will be at Fibonacci Expansion Safe Take Profit and Flagpole...
Technical Analysis 1. Large Head & Shoulders 2. Pennant/Falling Wedge with Large Flag Pole 3. Market Retraced to Fibonacci 0.786 (Silver Zone) 4. Forming of 2nd Shoulder for Head & Shoulders 5. Market Sitting on Support Structure 6. 1st Safe Take Profit at Fibonacci Expansion Level 1 (Grey Zone) also at Flagpole length Note that another similar medical company is ACST
NMTR Nice rounding bottom . Can we reach my 1st target at 3.44?
NMTR still extremely volatile, but has showed some signs of returning to life lately. Analysts putting Buy and Hold ratings on this, averaging $5 - no Sells currently. 50 Day Moving Average has just crossed over the 100 Day MA for the first time in a very long time. Has received a recent upgrade, so sentiment is turning Keep your eye on this one. I am...