Tonix Pharmaceuticals Holding Corp.
Short
Updated

TNXP - Could See $0.029!?

524
TNXP breaking down from what appears to be a bear flag.

It tested but failed to find any support above the 20Mma.

Playing out as I said it would in my previous thread.

Next fibonacci step down is the 0.618 at $0.029.

Seems quite extreme but I just do the weather and thats the forecast.

Not advice.
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Small bounce with the market, but press play and see its nothing much. Price needs a hard bounce to consolidate above the lower trendline. If it does and it can push off from there (wave 3) -i'm interested. But until then I'll watch from side-lines.
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snapshot
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Lower low today. Imo it will either fakeout to some regressive extent or continue to impulse downward. Chance of a reversal now is very small I think.
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Rip to the downside coming...

snapshot

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