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Analysis: #NASDAQ $ONTX

Case 550 #Onconova Therapeutics Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

ONTX 1/3
Daily Chart: Conditions are becoming more #bearish especially with a loss of 0.6622, below the #SMA 200 at 0.6593. Father down #pivot 0.6344 - a close below targets the buying interest zone 0.4422- 0.2900. Notable #resistance begins at .....

ONTX 2/3
..... the broken #trendline, now resistance at 0.9497 with SMA 50 at 1.0930. Long term #bullishness can only be achieved on a close/hold above control at 1.6400.

The #Strategy is printed on the image.

ONTX 3/3
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