Inverse Head and Shoulders with Phase 3 news due 3Q

21 Agu 2018

As the title says we have an inverse head and shoulders patter or a possible cup and handle taking shape both are bullish setups as this has dropped from 10 / 11 dollars the last couple months. We have a major catalyst coming up with is Phase 3 data due this quarter which is is the only thing scaring me away from jumping in on this. If its positive its going back up to at least $12.00 if momentum really starts jumping in on this it could retest the high of $15.00 as Phase 3 primary endpoints are a pretty big deal. Entry would be around 6.75 or 6.50 as that woulds be the end of the right shoulder for leg up and test of the neckline break.