Soligenix Inc (SNGX)

[TOB]

SNGX hit the 100% retracement of the prior rally leg today. If you're bullish SNGX, this is a decent entry from a TA perspective. If you're bearish SNGX, this is a possible bounce play, but you'd want to exit on the bounce.

Not giving advice either way, just some observations on the price action as I've been loosely following this stock. I find SNGX interesting on a fundamental level due to the Oral Mucositis trial. This is an unmet need. I follow another stock with is in clinical trials for the same indication.