$FENC: Short setup

Short

Fennec Pharmaceuticals Inc. (NASDAQ:FENC)

Mis à jour

NASDAQ:FENC Fennec Pharmaceuticals Inc.

trendanalysis chartpattern beyondta fenc timeatmode labrietrading keyhiddenlevel

$FENC has a nice short signal, the stock had a spectacular rally since it bottomed in early 2022, but could be reaching the end of the road here after drastically outperforming the market until now. Their drug received FDA approval in Sep 2022, commercial availability in the US in Oct 2022, but despite this, the latest report showed an increase in net loss YoY (twice as much as reported on Q3 2021). Seems like a decent short here, after this impressive run. Stop @ 9.95, support @ 8.
Best of luck!

Cheers,

Ivan Labrie.

Commentaire:

Off to a good start.

Trade fermée: ordre d’arrêt atteint:

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

Idées en relation

about F

about SCHW

about PSNY

about AFRM

about MDB

about BROS

about WBA

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.