Jun. 10 at 6:39 PM
$MGNX Im pretty sure this is why the drop..and the area it dropped to...it basically did a 'bearish bat' formation...structure calls for either 38.2% retrace or 61.8%...
$1.84 was the 38.2% retrace...i suspect next formation could be an 'alternative bat' which targets 112.5% which if went straight up would =
$2.42ish area...could still be another structure -we see when we get 2.42ish
$ARAI $BBLG