LadRx Corp (LADXD)

[Ecomike]

LOL, I learned from an ex floor trader (so he says) that uses Gann and Fib. You think that one is hard to read, you should see his, makes mine look like kindergarten level, LOL.

But the key point is the 200 MA and three fib retrace lines from 1 and 5 year highs and lows are all converging on a $1.08-$1.09 price below the $1.15 close on Friday! And $1.15 is a 68.2% fib retrace of a 12 month high that could be the take off point for a huge Elliot wave 3 wave up into 2-3 dollar land, and with several recent analysts raising their targets from 2 to $3, it may be time buy the dip here!

If $1.08 fails, next support is $1. If we drop past $1.08, I don't where it will turn, although I would expect bounces between 1.00 and 1.08 before it went much lower.

I am VERY LONG on CYTR at the moment. I have been long since early 2009, but recently added about 2000% more shares. If $1.08 Holds, I may add more, as this looks like one of the best set ups and most predictable set ups for a strong rally that I have seen in penny land in a year. I don't see any potential for bad news any time soon either, and their PR news is steady. I don't see them selling any more RXII near term either. But we do need to watch the RXII stock price for signs as it's drop Friday did CYTR no good! Good news on RXII is the recent back door deals there were at prices 15% above Fridays lows, so RXII may have bottomed!