Baudax Bio Inc (BXRXQ)

[surf1944]

There is no current chart support for BXRX it broke through all support lines with a new yearly low, it was placed to allow me to watch and not forget above the stock. What I am doing is looking for a bottom in the shares in the coming week, once the shares bottom the charts will be useful again. The recent trends with many of these small biotech stocks is to provide news to move the stock up and then sell shares (S-1) in the past the offering price would be support that has not been true, many of the stocks shares have fallen well below the offering price and then did not firm up until well after the offering was completed. I am waiting until next week to see that if plays out again, May 1st is the date for the offering priced at $1.15 per share.

https://finance.yahoo.com/quote/BXRX?p=BXRX

There is also some negative history with BXRX from 2022, a 1 for 40 R/S and another another stock of $5 million.