ONTX Back At Previous Support Now Resistance?
"Shares of this cheap stock managed to make a move from just $0.26 on November 30th to highs of over $0.55 this week. Volume has also become a focus recently too as the second half of December saw some of the highest daily trading volumes of the 3rd and 4th quarters.
What has been going on with ONTX? Last month, Onconova received permission from the FDA to study its drug, ON 123300. This is used for treating certain types of cancer. What’s important to note is what the company’s CEO said and the milestones he gave. Specifically, Steven Fruchtman said, “We are advancing the process to secure institutional review board approval, and affirm our expectation that the first patient will be enrolled during the first half of 2021.”
Interested to see if there's enough momo to get it above this level
Source: Top Penny Stocks To Buy Under $1 On Robinhood This Week
What has been going on with ONTX? Last month, Onconova received permission from the FDA to study its drug, ON 123300. This is used for treating certain types of cancer. What’s important to note is what the company’s CEO said and the milestones he gave. Specifically, Steven Fruchtman said, “We are advancing the process to secure institutional review board approval, and affirm our expectation that the first patient will be enrolled during the first half of 2021.”
Interested to see if there's enough momo to get it above this level
Source: Top Penny Stocks To Buy Under $1 On Robinhood This Week
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