Monthly TF - Descending wedge being tested with ATH volume
Weekly TF - 21EMA used as support for the first time - SMA50 being tested - Year-long squeeze reversed - MacZ MA passing zero line
Daily TF - Cup & Handle formed - EMA21 has crossed all SMA's - Bear consolidation gave room from oversold territory - Bull cross on MACZVWAP - High Volatile to Low Volatile pump/dump downtrend that leads to huge volume pump with gap that fills right away. Moving averages are now squeezing
2hr TF - MA's at squoze levels (chronological to top down)
Fundamentals
- "Hoth Therapeutics filed a provisional patent application" - SEC Feb.23 (patent lasts 12 months) - Leading drug for eczema research Approaching Phase II of clinical - "Hoth Therapeutics Announces Licensing Agreement and Collaboration with U.S. Army Medical Research and Development Command" - SEC Jan.8 - Institutional ownership has increase by 6x since June - 360k shares bought by institutions (1M) since beginning of 2021 - Vanguard and Fidelity own about 65k shares - Insider ownership - 52% - Institutional ownership - 15% - Float - 33% - Short Float 7% - Short interest .13