TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was one of Thursday’s notable gainers, as the price rallied by as much as 4% in today’s session.
Following a low of 1.75 on Wednesday, TON/USD rose to a peak of 1.88, earlier in today’s session.
The move comes days after the token reached a high of 2.05, which was the highest point it has hit since May.
, the rise in price comes as the relative strength index (RSI) jumped to a floor of 60.00.
At the time of writing, the index is tracking at 63.35, with the next point of resistance around 66.00.
In the event it moves beyond this level, there is a good chance that the price will move back towards 2.00.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Tonixpharmaceuiticals
TNXP Tonix Pharmaceuticals produces the Monkeypox Vaccine ! Tonix is a producer of the TNX-801 vaccine, effective against Smallpox and Monkeypox.
But that`s not all!
They have a strong balance sheet, Cash and Cash Equivalents Totaled Approximately $140 Million VS its mk cap of only $44.03Mil.
Seth Lederman, M.D., Chief Executive Officer of Tonix: “Tonix is making meaningful strides developing our rich portfolio of high impact product candidates,”
“By the end of this year, we expect to have five central nervous system (CNS) programs in the clinic, led by our most advanced program, TNX-102 SL (cyclobenzaprine HCl sublingual tablets) for fibromyalgia, which is in mid-Phase 3 development. Enrollment has begun for TNX-102 SL in a registration-enabling-Phase 3 clinical trial. TNX-102 SL trials in Long COVID and PTSD are also expected to initiate enrollment in the second quarter of 2022.”
TNX-2900 received Orphan-Drug designation by the FDA for the treatment of PWS in March 2022.
On this strong pipeline, on 4/18/2022 Noble Financial Initiated Coverage on TNXP with an Outperform rating and a price target of $19.20, while Alliance Global Partners has a price target of $64.
I expect TNXP Tonix Pharmaceuticals to be at least $10 per share.
Looking forward to read your opinion about it.
The largest falling wedge. I can't wait.Good morning everyone.
If you bought TNXP don't panic about what is happening now, if you see the chart this is a 10-year falling wedge that can break at any moment.
Now we are in free fall let's say and that's why is better not to sell bc reversal is coming.
The parabolic day is coming but we don't know when.
Now save some money and wait for $0.15 or even $0.03 which is the bottom of the wedge to load more. But don't sell bc you never know when this thing is going to pop.
There are many facts happening around this stock and the first is: This is the stock with the largest presence of institutional investors who own 5%, 4%, 3%, 2%, 1% of all the stocks and while the price keeps going down they are loading more and more starting from the largest investor BlackRock. So, are we understanding what is going on? They are buying from paper hand investors at Black Friday prices, so stay strong and load more and more if you can afford it.
These large investors are thinking in the long run, of the company they’re focused on pipeline and capacity to deliver it. The 3 new locations under build and refurbishments paid for by strategic partners/ investors all demonstrate their focus right now and confidence in TONIX products.
Why do I care if from $0.65 went to $0.27 or even goes lower when I can keep buying more and more understanding this can go to $40/share.
In my case I'm happy with the number of shares I own, I won't buy anymore I will just wait. If keeps going down I will buy if touches $0.15 and if touches $0.03.
In the meantime, I will go to the park with my kids living life to the fullest.
This stock is popping big time so let it bake for the big party.
If this analysis was for you please add a comment, like and follow me, I will post another analysis in a few days.
NASDAQ:TNXP
TNXP FORECAST - TONIX PHARM HLDG CORPLong was triggered today with a 'boop' to the green line. Chances are it'll come back down below giving second chance to get long. Stop below white line, targets above green. THIS IS NOT FINANCIAL ADVICE. THIS IS RECORD KEEPING ONLY. DO NOT BLINDLY FOLLOW MY TRADES.
$TNXP looks ready to breakout big today. This low-float Nasdaq..TNXP looks ready to breakout big today. This low-float Nasdaq listed company could cure PSTD!
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TNXP (Tonix Pharmaceuticals Holding Corp.)
Alert Price: $1.70
Float: 4.74M
Chart Analysis
Roth Capital Price Target: $4.00
Investor Presentation
Company Website | Recent News
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Members,
We ask that you give your full attention to our new low-float Nasdaq listed alert TNXP (Tonix Pharmaceuticals Holding Corp.).
TNXP is a clinical-stage biopharmaceutical company focused on discovering and developing pharmaceutical products to treat psychiatric and pain conditions, and biological products to improve biodefense through potential medical counter-measures. Tonix’s lead program is for the development of Tonmya** (TNX-102 SL), which is in Phase 3 development as a bedtime treatment for PTSD.
PTSD is a serious chronic psychiatric illness defined as a maladaptive prolonged stress response which occurs after experiencing severely injurious traumatic event(s). While initially recognized as a stress response to military combat ('shell shock') it is now known that many civilians exposed to life-threatening events, sexual assault, natural disasters or accidents, can develop PTSD.
According to the latest report published by Credence Research, Inc. the global post-traumatic stress disorder therapeutics market is projected to reach US $10.679M by 2026, expanding at a CAGR of 4.5% from 2018 to 2026.
TNXP Has the Potential to Be the Biggest Gainer On the Nasdaq
With its low-float of 4.74M, TNXP is no stranger to massive single-day run-ups.
Take a look at these past single-session gains:
3/14 $2.58 to $3.24 for gains of +25.58%
3/11 $2.80 to $4.12 for gains of +47.14%
3/8 $2.14 to $4.20 for gains of +96.26%
12/7 $3.15 to $7.24 for gains of +129.84%
TNXP also has several bullish catalysts on the horizon:
Chart has recently formed a "Golden Cross" which generally signals an uptrend.
Roth Capital analyst Scott Henry upgraded TNXP from Neutral to Buy with a price target of $4.00.
The Company will be presenting pharmacokinetic analyses of TNX-102 SL* in a poster at the American Society of Clinical Psychopharmacology (ASCP) 2019 Annual Meeting.
Research has shown that PSTD treatment is not just for soldiers: Civilians with PTSD struggle to find effective therapy
About Tonix Pharmaceuticals Holding Corp.
Tonix is a clinical-stage biopharmaceutical company focused on discovering and developing pharmaceutical products to treat psychiatric and pain conditions, and biological products to improve biodefense through potential medical counter-measures. Tonix’s lead program is for the development of Tonmya** (TNX-102 SL), which is in Phase 3 development as a bedtime treatment for PTSD. Tonix is also developing TNX-102 SL as a bedtime treatment for fibromyalgia and agitation in Alzheimer’s disease under separate INDs to support potential pivotal efficacy studies. The fibromyalgia program is in Phase 3 development and the agitation in Alzheimer’s program is Phase 2 ready. The agitation in Alzheimer’s disease IND has been designated a Fast Track development program by the FDA. TNX-601 (tianeptine oxalate) is in the pre-IND application stage, also for the treatment of PTSD but by a different mechanism from TNX-102 SL and designed for daytime dosing. TNX-601 is also in development for a potential indication - neurocognitive dysfunction associated with corticosteroid use. A Phase 1 clinical formulation selection pharmacokinetic study of TNX-601 will be conducted outside of the U.S. in 2019. Tonix’s lead biologic candidate, TNX-801, is a potential smallpox-preventing vaccine based on a live synthetic version of horsepox virus, currently in the pre-IND application stage.
* TNX-102 SL (cyclobenzaprine HCl sublingual tablets) is an investigational new drug and has not been approved for any indication.
**Tonmya has been conditionally accepted by the U.S. Food and Drug Administration (FDA) as the proposed trade name for TNX-102 SL for the treatment of PTSD.
This press release and further information about Tonix can be found at www.tonixpharma.com.
Company Highlights:
Phase 3 development of new bedtime treatment for PTSD, including military related PTSD
Major unmet need; ~12 million Americans annually
Benefited from FDA 505(b)(2) NDA approval requirement
Complimentary day-time PTSD treatment in development
Leverages development expertise in PTSD, i.e., regulatory, trial recruitment and execution
Fibromyalgia bedtime treatment in development
New Phase 3 study design features discussed with FDA (April 2019 FDA Meeting Minutes)
TNX-102 SL 5.6 mg (twice the dose previously studied in FM Phase 2/3 trials) will be studied in Phase 3 to support the indication
New indication in development for agitation in Alzheimer’s Disease
Unmet medical need, no approved drug available
Fast Track Phase 2/3 ready program
Innovative vaccine in development to prevent Smallpox
Opportunity to supply stockpiling requirement; short development path
Studies in mice suggest improved safety profile
Recently Completed Milestones
July 2018 Completed P301/HONOR study interim analysis - result did not support study continuation but strengthened new Phase 3 study
August 2018 Presentation of P301/HONOR study results at Military Health System Scientific Symposium
October 2018 Met with FDA and received preliminary agreement on the design of new Phase 3 study of Tonmya for PTSD (P302/RECOVERY study)
November 2018 Received FDA minutes confirming agreement on the design of P302/RECOVERY study
March 2019 Met with FDA to discuss new FM Phase 3 study design using TNX-102 SL 5.6 mg
March 2019 P302/RECOVERY study initiated
April 2019 Received FDA formal minutes with clear guidance and support on new Phase 3 FM study
Upcoming Milestones
Second Half 2019 Preliminary human pharmacokinetic and safety data (non-IND study) from selected TNX-601 (tianeptine oxalate) formulation expected
First Half 2020 Topline data from P302/RECOVERY study expected
Market Outlook
Globally, the vast majority of people (~70%) will experience or witness one or more life-threatening traumatic events in their life-time. For many, the response to an isolated traumatic event will dissipate over days or a few weeks and have little or no long-term consequences.
For some individuals, however, the response to trauma will become chronic, lasting for more than one month and persisting for years, and, in many cases, decades. These individuals are considered to have PTSD and will experience psychiatric symptoms (flashbacks, intense anxiety and avoidance, emotional numbness, intense guilt or worry, agitation, sleep disturbances), and as a consequence, experience impaired social functioning, occupational disability, and an overall poor quality of life. PTSD is also characterized by overall high utilization of healthcare services, adding to the significant economic burden from the condition.
How prevalent is PTSD?
PTSD is a global problem, with the lifetime prevalence of PTSD estimated to be 3.9%, or affecting an estimated 200-300 million individuals, on a global basis.
Based on U.S. 12-month prevalence rates,1,2 it is estimated that about 11.0 million American adults suffer from DSM-5-defined PTSD in a given year. Similar to other psychiatric disorders, only approximately half of these individuals will seek treatment at some point in the course of the disease, and of these, approximately 40% (~1.8 million) will be formally diagnosed with PTSD in any given year. Lack of awareness, the negative stigma associated with PTSD (like other mental disorders), as well as the limitations of existing treatment options, may be addressed by increased societal awareness and acceptance as well as the introduction of new therapeutic options.
Technical Analysis
As we stated above, with its low-float of 4.74M, TNXP is no stranger to massive single-day run-ups.
TNXP's chart has recently formed a "Golden Cross" which generally signals an uptrend.
We've done our very own chart analysis, and see the potential for a move of over +27%!
The Bottom Line
We are extremely bullish on TNXP.
Based on our research we believe that this could be the biggest single-day gainer on the Nasdaq today.
That being said, we ask that you start your research on TNXP immediately and consider building a position this morning at 9:30AM EST
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
Best Regards,
The TopMarketGainers Team
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