GNMX - Bump and Run formation long setup Beautiful upward break pushing back to its downward channel as a bump and run formation.
We think it has good upside potential. We considered some position early in the morning and added some more as it adjusted down.
GNMX
$GNMX - watching into close of yr 2018This chart is pretty straightforward to me. As long as the price stays above 50MA, it has a chance to break $1.40 and test the 200MA. Above that, the stock will test $2 and then perhaps the highs from Spring 2018 in the $2.40 area. All of this will happen between Nov 2018 - Dec 2018.
Co has got data coming up in Jan. Insiders have loaded millions of shares in the most recent raise. I like this idea. Buying shares in the $1.20 range for a swing long trade.
