Chart Patterns and TA

[gfp927z]

Xena, While the current LWLG chart pattern clearly looks bearish, if the company is actually turning the corner in their business, that could override the bearish chart. The fact that support at 4 has held so tenaciously for over a year is good, but the subsequent bounces have been petering out at lower and lower levels, thus forming the descending triangle, similar to those shown below.

I was aware of LWLG back in 2020-22, but haven't followed them closely. It sounds like their business model is to be the supplier of their proprietary EO polymer material to companies that will use it in their own products, and LWLG will collect royalties on the sale of the products containing the polymer. It's great they signed their first licensing deal, with more potential deals in the works (per the CEO's recent shareholder letter). Key questions include - the terms of the licensing deal, how much revenue can be expected from the deal, and the timing of the revenue flow. But I assume the terms haven't been disclosed by LWLG, but has the CEO given any guidance on expected revenue flows? In the shareholder letter he says they have numerous other deals in the works, so those could be the big wildcard. Another deal announcement could help the stock a lot, and make moot the current bearish chart. Thanks for any insights :o)











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