@ Red Shoulder, I'm not able to understand targets
based on the fundamental financial data that others look at.
I'm really just looking at the math pattern formulas that have been reliable as a road map. The current rally to the 28 target zone, can be measured from several bottoms. You can start at the 2 dollar bottom,and do all the measurements from every bottom point, to every wave peak, from 1.25/2.20/3.50/4.50/5.50/6.00 to the 28 peak, and then try and figure out why it fell from 28 back to 11, then Range zig zag from 11 to 16 a few times and then down to 10, and now we can do the next set of math projections from 10 to 28 all over again. and see what the next target projections look like. I like the financial analysis that others do, with market cap and comparing to other biotechs, etc, lots of useful speculation can be done.
But in terms of chart patterns and math patterns, I look at the waves from bottom to top, as well as the subwaves in between, and I get a picture of what the math is suggesting. It was showing key target zones at 21/22 area.25 area and a retest of 28. I think I had done a few measurements that started showing 30 and 32 area as well.
Maybe we should think outside the box and say, lets start looking at 10 dollars as the new rock bottom. So if we measure the wave that has run from 10 to 28,thats an 18 dollar rally. If we project the next Fib wave from this, it will show a target zone around 57 dollars. But when I do this kind of measurement analysis ,I do Every wave and subwave and leave nothing unexamined,I actually examine every essential data point on the chart ,which takes a while to do. At some point,I'll show what that chart looks like.
Right now, the chart recent price action jumped from 22 to 28 and back to 25.now looks like it wants to go lower but is hanging around 25. Its a resistance shoulder zone now at 25/26 area to watch.
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