Alcobra will announce the result of it's phase 3 study in 2 weeks. The monthly chart shows the pps at exactly the neckline of a head and shoulder pattern. The neckline will break to the downside with negative and to the upside with positive data read. Some people have the change in the pps in 80% range. I have given it a 60% change. Given the recent option...
ADHD pps like most of other bios has lost more than 30% of its value in recent weeks despite several good news. It closed at 16.17 today, where there is strong support going back to Nov 2013. The combination of RSI of 32 and the STOCH (15,6) pattern makes this a nice entry point. 1st resistance should be at 200MA at 17.10, If u have to use a stop, 15.27 would make sense .
