AMPIO has been in the news for treatment of COVID, and most recently for 2 trials treating 2 different types of inflammatory diseases, one is kidney related and would be very important in future treatments of Kidney Disease with chronic inflammation. I believe this would be the best case scenario, if found to be effective. Current price, $1.20 - Technically I would not recommend an entry here, too much downside risk.
Best entries would be between the range of $.75 - $.88, especially important if price bounces from either level. If price hits a fib entry zone, and bounces, wait for closing candle to confirm. This would be best possible entry with minimal downside, as price has been in pattern similar to this over last couple months.
Couple of questions. You have this as a SHORT - was that your intent? Company has tremendous fundamental - upside. What are your updated thoughts here at $2 ? I am long at 1.70
Shwayze
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@Donnyboy123, It was for the IMMEDIATE term. The green box was supposed to be the retrace. I was buying from there.