Oct. 28 at 5:25 PM
$GOSS hard bounce off of 2.3 suggests a new higher low based on previous resistance (neutral to bullish)
zooming out to the 1 Month shows a near perfect formation of what could be the first flag in a bull flag pattern (very bullish). would need to see another big move up similar to 10/24 to give that credibility
descending back to 2.08 would suggest consolidation (neutral), with support near 2.08 and resistance at 2.5
a break below 2.08, esp a move below 2.0, seems unlikely, but would be very bearish
fairly hopeful that we get back to 3.0 to fill the large gap. beyond that, I’d say the 40+% drop from peak suggests the market has deemed 3.5 to be overpriced at the moment, pending any bullish news
in terms of successful phase 3 price targets, the 85% drop in response to Phase 2 data suggests you’re really looking at a high of
$10 (likely after successful FDA & EMA approval) and I would lean closer to
$6.50 as the immediate target
activity leading up to phase 3 could change that
