MARINUS is a leader in the development of neurosteroids for the treatment of depression. It is developing ganaxolone for PPD (Postpartum Depression). Topline data from a Phase 2 study should be available in H2. The stock price dropped after its Q earnings results. Its cash of 21.47M is solid to fund its operations and this is good for me. Technically the recent move down is within a 5 waves up pattern and I remain bullish. Price is testing the two important lines (long term EMAs) Therefore I am positive for this stock with a Target to the upside which is now set at the $10-12 area. Current prices are attractive for building a position at MRNS.
Protection: A move below $5 will cancel the positive scenario and therefore this is the stop loss. An alternative Strategy: Instead of buying at current levels, wait until price strengthens, Buy above $7.5 with same target prices.