Disclosure:
I am an disgruntled bagholder of mucho SRNE shares and think Ji is the devil.
I also have NOT been following SCLX news at all and don’t really care about my previous bagholder shares
BUT…
Just based on Technicals (and nothing to do with fundamentals /news)..
here is the SCLX chart::
After breaking short term resisiantce in the 12 area (which is now support area and the first sign of “strength” in a year)..
we are now targeting the first purple box area in the 21-25 area which would be a test of the wyckoff bankers candle “high” from last december.
After an eventual/hopeful break of that resistance we target the nov election “high”candle in the 37-40 area (next purple box) strong overhead resistance in that area in the 40-41 range (yellow line)
A break of that area “should” pave the way to a test of the 52 week high in the 75 area (split adjusted)
obviously this is only technical info. anything could happen. but it’s the first “bullish” move in a long long while.
submitted by /u/vegasandre to r/BANDOFBROTHERSOFSRNE
[link] [comments]