TNYA Biotechology Penny NASDAQ LONG

TNYA has been in consolidation the past two days being in the flag of

a bull flag pattern on the 1H chart. Earnings about six weeks ago were

solid especially for a biotechnology stock which are generally priced

based on future potential and not current performance.

( Fundamentally TNYA is in the gene splicing /slicing place which is

perhaps the most lucrative and therapeutic of all of the various

areas in the biotechnology realm. Seemingly, its potential is

expodentially high. )

The zero lag MACD lines have crossed under the histogram which in

general can be considered as a buy signal. The histogram has flipped to

positive.

Upside to the overhead resistance zone by the Luxalgo indicator

is from an entry of about 5 to 6 or about 20%.


Very recent high relative volume as compared with

the 50 day moving average further supports a long trade at this

time. The stop loss would be $.02 below the POC line of the

volume profile.

I will play this with options to further leverage the price action.

Both options and stock are inexpensive for a small account.