Jan. 27 at 9:40 PM
$NMRA @InvestorCG @Mr_GA From a technical and price action point:
Compressing well above the base forming above the 2.00 level.
Finally closed above all daily moving averages and showing little aggressive selling on down days. Buyers are stepping up but seller still active in 2.25-2.35 zones.
Downward movement has stalled with higher lows starting to form and bounces from support are getting slightly stronger than pullbacks. Volume Expansion on upside attempts and dries up during pullbacks.
Currently accumulation behavior, not distribution.
Definitive break above 2.16 could shift trend to target 2.40/2.70/3.00
Technical levels more relevant if no news for the next +-8 weeks until they provide earnings and an business update, Speculation for 215 might provide some momentum but without large investments, upgrades or data readouts this might continue to accumulate between the 2.00-2.50 level.
Similar to the price action of VTYX (Aug-Sep 2.30-3.00) and
BIOA (Apr-Sep 4.00-4.50)
