PXS Re-Visited, is that another Wyckoff Spring ?

Some nice takeovers in the Biotech play recently which appears to have put  some needed spark and additional fuel to this sector.

Again, everything is on this weekly chart which one needs to know.

I also believe they are debt free and cash in the bank. Also in bed with some big international pharma companies. A potential take – over target perhaps ? Wouldn’t that be nice ?

Will we see a MAJOR BREAKOUT over the coming weeks after the current bullish developments ?

OBV at the window below the price as well as RSI at the bottom window are in sync with the price action. All in bull mode in short.

Yes, I have been in PXS for a fair while  and restored my full position size recently after off loading a parcel mid – late last year.

The current two year trading range, whichever way it resolves will be big imo.

Also, thanks for the interest shown for the upcoming webinars. I will only contact and conduct the webinars with those friends/chart lovers whom I have received an intend of interest. So far there is enough interest received. Max. number of participants is capped at 10 with only one webinar per month or as required to review market conditions from here on. Few sits are still remaining. Late March or latest April we will start. I am looking forward to it.

Disclosure : PXS is held with medium – long term view.

Chart is courtesy of tradingview.com



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