Tonix Pharmaceuticals Holding Corp.
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TNXP - Surely Not! 😬😬😬

TNXP looks like it may be breaking down from a continuation pattern.

Price has never moved past the 20Mma and it is brushing against it here. Good chance collapse is coming and another leg down the mountain.

If it is a continuation then from the thrust candle top, a 1:0.618 extension takes price to $0.029!

And a 1:1 would see price get to a staggering $0.0018! 😬😬😬

I'd buy a few at that price!
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If this was accumulation price would have held above the 200Dma, but look how it capitulated and gapped down to descend into another technical bear market.

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Winter is coming.

And very cheap prices for those that study the dark art of "squiggly lines."
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I can see other publishers are clutching at the D bullish divergence and good chance this will bounce assuming indexes recover, but at this point price has moved too far away from 200Dma and so a bounce could likely fill that gap to reject from the 200Dma and that will be a technical bear market confirmed.

This is a very dangerous stock.

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Looks like it will be another leg down into oblivion. This is why you never buy a stock just after a 200Dma / 50Wma break.

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Press play and ask yourself if the target still seems unreasonable. A real money burner this one.

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