GNBT: Penny stock, speculative biotech to considerUp sharply today on news (see below)
Looks to me like forming a likely inverse head and shoulders pattern.
Often with H&S there is a fairly symmetrical time difference between and shoulders and the top or bottom as we have here (horizontal arrows).
Like all biotechnology stocks this could be a bust or very volatile.
"Generex Signs a Memorandum of Understanding with Bintai Kinden to Advance the Clinical Development & Commercialization of Ii-Key-SARS-CoV-2 Coronavirus Vaccine for Malaysia."
GNBT
GNBT: This looks promising to me. I like the major increase in volume. and the EWT look to this. Up about 8% today so far tody. Is a Biotech so is SPECULATIVE so be careful with size of position.. If count is correct there is a possibility of major gains. Bullish candle on the daily chart so far. Could use a close below today's close as a stop. Process your way.
From Zacks: Generex Biotechnology Corporation provides research, development, and commercialization of drug delivery systems and technologies. The company's products include Generex Oral-lyn, Glucose RapidSpray, BaBOOM Energy Spray and Crave-NX. It markets its products primarily in Ecuador, Canada, and the United States. Generex Biotechnology Corporation is based in Toronto, Canada.
