SBFM - Potential 50% pump to 300% from here
Updated
Not investment advice. Most penny stocks are only good for swing trading. This one has been in the gutter for a long time. It has also completed a public offering (dilution) and reverse split to retain NYSE $1 compliance.
I like SBFM to make swing trade up to $4.30 or so. Short interest is fading away. Pivot Point flashing on the 1Day timeframe through 1HR TF.
Last Pivot Point was at $4.30. We usually see a retest of PPs.
Average daily volume 550K. Today's volume 3M. Only 950K shares float.
This is a high risk trade. Negative news or shorts could still push it lower. Earnings is 2 weeks away.
I like SBFM to make swing trade up to $4.30 or so. Short interest is fading away. Pivot Point flashing on the 1Day timeframe through 1HR TF.
Last Pivot Point was at $4.30. We usually see a retest of PPs.
Average daily volume 550K. Today's volume 3M. Only 950K shares float.
This is a high risk trade. Negative news or shorts could still push it lower. Earnings is 2 weeks away.
Order cancelled
Stop hit
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