weekly data, regression analysis hit upper band, major candle stick wick.. blow that candle out! due to offering 8 million new shares diluting value. FIB can retrace back to $2.5 if we arent careful, already did a month ago [ nice arbitrage $$].
On the medical side the product does have staying power, just a matter of selling it, expensive price tag though. 1st in class
As per the stock, buy low sell high, the option calls Dec 2019 have it at $10.
Ride the roller coaster my friends.
cheers , happy trading!
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Reverse course.. company holds off [24hr later] NOT issuing 8mill new stock.. after a more than not appreciative [tanked 18%] response.