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The stock price of Heat Biologics, Inc., is long away from its max of $15 per share and downtrend does not let its grip which is quiet obvious when the price cannot even go beyond 50 MA since the August of 2015.
However some weeks ago chartists could see the forming of enormous bullish engulfing which overlapped up 6 months on down motion. The week after imprinted upstreaming gap which should become an area of support and a potential pattern to reverse the market. Gaps are well-known for the validity of the signals they provide on stock market. This is why a lot of traders are going to watch this stock.
We would assume the price go up to its previous resistance level of $4 which should depict 150% move compared to its current price.
The stock price of Heat Biologics, Inc., is long away from its max of $15 per share and downtrend does not let its grip which is quiet obvious when the price cannot even go beyond 50 MA since the August of 2015.
However some weeks ago chartists could see the forming of enormous bullish engulfing which overlapped up 6 months on down motion. The week after imprinted upstreaming gap which should become an area of support and a potential pattern to reverse the market. Gaps are well-known for the validity of the signals they provide on stock market. This is why a lot of traders are going to watch this stock.
We would assume the price go up to its previous resistance level of $4 which should depict 150% move compared to its current price.