Last Updated on September 4, 2019 by Kevin Douglass
The featured image above shows Leap Therapeutics on the one-day chart.
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Press PLAY on the interactive chart below to watch Leap Therapeutics’ instant replay!!
Bullish Shark by follow_the_money on TradingView.com
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About Leap Therapeutics
Leap Therapeutics (Nasdaq: LPTX) is focused on developing targeted and immuno-oncology therapeutics. Leap’s most advanced clinical candidate, DKN-01, is a humanized monoclonal antibody (MAb) targeting the Dickkopf-1 (DKK1) protein, a Wnt pathway modulator. DKN-01 is in clinical trials in patients with esophagogastric, hepatobiliary, gynecologic, and prostate cancers. Leap’s second clinical candidate, TRX518, is a humanized GITR agonist monoclonal antibody designed to enhance the immune system’s anti-tumor response that is in advanced solid tumor studies. For more information about Leap Therapeutics, visit http://www.leaptx.com.
Alignment with Key Dates
Leap Therapeutics (NASDAQ: LTPX), looking to FLY-high. Harmonic shark patterns leave more room for high-volatility trades and make for high reward scenario’s when traded correctly.
As of today (09-04-2019), 84,220 of the 261,828 shares traded where short. This is equivalent to a sizable 32.17% short percent.
The technical’s are now aligning with some key dates with a potential short squeeze on its way (assuming good data).
Technical’s
- $LPTX is trading at the lower end of the long-term trading range.
- Nice Daily average volume for low-float stock.
- RSI pushing up fast.
- MacD Divergence.
- Bullish harmonic shark pattern, look for profit taking and/ or chances to add at the 382 and 50 retracement levels to ride up to the top of the range ($2.12).
- Not only does this trade have massive upside potential for a swing trade, it is also showing confluence with Fibonacci time-cycles, fib-retracement and trend.
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Disclosure: I have no position in $LPTX. I may buy or sell in the next 72 hours. This is not a note to buy or sell. Please do your homework before investing.
