Agressive short on Titan. TTNPOh, look! Another short on a pharma company!
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple 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
TTNP
Titan going nowhere but down. TTNPNot a titan in the pharmaceutical world by any measure, and just broke the floor. This is almost certain now that this one will go even lower. And why not? All it seems this one has been doing is dropping and dropping and dropping.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple 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!
TTNP Technical Analysis 🧙 Titan Pharmaceuticals Inc is a specialty pharmaceutical company. It is engaged in the development and commercialization of pharmaceutical products. The company product pipeline consists of Probuphine for Opioid addiction, Ropinirole for Parkinson's disease, Triiodothyronine (T3) for hypothyroidism. It generates revenue principally from collaborative research and development arrangements, technology licenses, and government grants.
If you understand the idea,🎯 press a thumb up! 👍 Have a question? Don't be shy to ask! 🤓 Interested to study how to analyze charts, follow me!
$TTNP - swing idea / Earnings 11/8 - Momentum Play$TTNP - Earnings Play 11/8'
Currently consolidating and has filled gap. Looking to re-enter as I have bought last week and scaled out on momentum play 10%+; still has more upside.
Insider activity: 78%
finviz.com
Institutional Own: 2 new position
% Shares Owned: 4.06%
# of Holders: 39
Total Shares Held: 2,637,804
3 Mo. Net Change: 1,204,000
# New Positions: 2
www.reuters.com
Swing: buy within the orange line / Stop at RED Line
Daytrade: buy at break of HOD - Blue line (watch for volume / RSI 68) - 50dma .42
11/2: Bought today at open - SL is red line (will add within support).
REMEMBER:
1. trade with a plan
2. manage your risk/reward
3. honor your stop loss
Good luck!
TTNP analysis following the stock as 5 directors purchased hundreds of thousands of stock for the price of 24 cents on sept 21st just as it started to move sideways and broke out of the resistance. It broke out of its strong downward channel, so I'll be monitoring it to see any significant runs. This is also the beginning of a golden cross if im not mistaken.