December 7, 2018

Tonix Pharmaceuticals Holding Corp Was Hammered

Tonix Pharmaceuticals Holding Corp (TNXP) was hammered after news hit today. The news was that the company would issue $15M in new stock at $3.50 per share. The company had previously stated it would issue new shares and had also recently completed a reverse split. The stock was trading above $5 per share just before the halt, and it appears that the price was being pushed higher prior to market open in anticipation of this news. Here’s a recap.

about the author:

Mike Patton

Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.

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  We had a great example of a swing buy entry in NIO, Inc., the electric car company (Ticker: NIO). It’s based on a break out pattern on an hourly chart and confirmed with a daily chart.   Click the video below to learn more details: Grab a free day pass to one of our live […]

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