Marker Therapeutics Inc (MRKR)

[123tom]

MRKR is having a decent week...

not too bad so far.

Its really following a math target track pattern very sharply.

This rally from the 2.70 base to the 3.34 peak was a good First Wave. and now the pullback (Wave 2) has already happened, so now it has a chance to develop into a larger rally that wants to target (3.70-3.90) for a station, on the way to test 4.00 and finish math target is around 4.30 on my charts. This would be a very good recovery rally but I think remains to be achieved, lets watch it one step at a time, and when it meets the major resistance zone,I'd be a little nervous to just leave it on the table. MRKR has alot of volatile energy .

But so far, a decent First wave to 3.34. and held strong and bounced well from the 3.03 support. all sharp math targets on the Fibonacci pattern.

Decent First Wave to completion and pullback to hold

Now it tries again to test the 3.34 peak. IF it breaks thru it to start testing 3.50 area, it could very well be making the next major rally in the pattern and that finish math target is 4.30, with the pause station around (3.70-3.90)

IF the bearish strength is still dominating,it would show that strength starting maybe 3.60-3.75 area and if winning the battle, wont allow it to reach 4.30 or even 4 dollars.it will start trying to attack MRKR at the 3.60-3.80 target zone.
and from there try to send it back to the bottom again.


or maybe to put it another way, if Management wants to sell shares into a rally ,the pressure could be strong as the rally gets closer to 3.75-4.00 area