ENSC Could still see another 5-10% trade opportunity

Unfortunately I was not able to publish this in a 5 min time frame as when I made this trade that was the time frame I was using. Never the less this was a good trade today for a solid 10% move. I circled on the 2 candle stick support markers in which it had executed a double bottom which followed with volume. This gave it a good push above VWAP which is where I took the trade for a 10% run up before I sold off 9/10th of my position. I currently still hold a bit as I believe there is more to be had tomorrow still. After hours trading looked good as well touching 0.90 once again before pulling back to 0.87 for the full market close. I anticipate that a break above 0.92 with volume could open up for some more gains tomorrow. I have seen others speculate a move to 1.15-1.25 but I will have to wait and see tomorrow on where this one can go. (Not Financial Advice)

Monday News - Ensysce Biosciences (ENSC) said Monday it secured $2.8 million in the fourth year of grant funding from the National Institute on Drug Abuse, or NIDA, for the development of its multi-pill abuse resistance platform.

The funding will support the third part of the ongoing phase 1 clinical trial evaluating the platform. The award brings total funding from NIDA under this grant to $10.8 million, according to the statement.

評論:

I closed my position during Pre-market as the activity and price action was not looking good.