Marker Therapeutics Inc (MRKR)

[123tom]

My chart picture of the architecture

A partial chart drawing.

MRKR Fibonacci architecture

Looking at this picture,it can be argued that the true bottom, "should have" held around 2.60-2.50-2.40 area. Then in the beginning of March the stock market plunged down and we got the collapse to the 1.30 bottom.
I often draw charts from different start points to different end points that try to get a sense of the true energetic price action.
What I'm looking at here is the idea that IF we call the bottom the 2.50 area,and the downwave starts around 8.50 area. 8.40 to 2.40, we have a retrace target zone around 5.40. and the first major target is the 200ma around 3.50-3.80 area. Probably around 3.50 by the time the rally gets there. a retest of the current 3.40-3.50 resistance zone would be the first major target I'm looking for. The first minor target is a retest of the 2.45-2.85 area, and 3.00 might start looking like a real rally. Maybe a pullback now that would hold at 2 dollars and bounce a dollar to test 3.00 would be a positive sign.
Many track patterns up and down could play out. we could also see a stronger pullback now to retest the 1.75-1.50 area again. I think I'd be a buyer if that happens. But I own way too many shares already.

In any case, I hope we can be positive about this investment. I'm not thinking a purely technical rally will break through the 3.40 barrier. it should take some good news to achieve that and target 4 dollars.
So if theres no news, and we get a bounce rally we could end up seeing another Range bound resistance hit at that same 3.40 barrier again. .Maybe after that, the support has a chance to hold 2.50 like it "should" do.