May. 18 at 4:35 PM
$DSGN down 26% on the morning and my scanner is calling it a "breakout," which at this point I'm just gonna assume is sarcasm. they dropped four-week Friedreich Ataxia data last night and the market's verdict is apparently "thanks but no thanks," because that's a
$14 stock trading with a 10 handle on 7.8x avg vol. biotech data prints are the one place where I genuinely have no edge, but I do know what a -26% candle on the news day usually means for the rest of the week. anyone here actually read the readout and have a take on whether this is an overreaction or the start of a longer bleed?
structure breaking on the chart: https://tapeboard.com/chart/DSGN?utm_source=stocktwits&utm_medium=post&utm_campaign=olivia&utm_content=dsgn-bk-dn-chart
