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Moleculin Biotech, Inc.

$MBRX Potential long entry after fib (wedge) retracement

By DerekD_
Updated
MBRX double fib wedge re-trace down to 50% before potential impulse move back up on the long side. High volume price spike could see to another re-test of $3.25-$3.30 range without breaking previous highs. Time will tell if/when gap fills @ $1.65-$1.75 for possible bounce towards high $2.00 - low $3.00 range.
Trade closed: stop reached
Trend Analysis
DerekD_
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