As i already wrote, trind, an exact (to the dollar) 61.8% retrace was made from the Friday a.m. high down to $5.80 (starting from the intraday low two days earlier at 5.31).
We're now in March and i would think the institutions will bid this up higher going into the topline data release for Pracinostat which i suppose could come any week now....
I suppose the state of the markets and biotech sector will also play a role.
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