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Synta Pharmaceuticals Corp. Message Board

  • apachefogg apachefogg Apr 22, 2014 9:45 AM Flag

    I do not know if this is a break-a -way gap

    which will not be refilled or if this is a mad scramble of shorts covering and the price escalating.
    Technically,the gap does not have to be filled because the gap only goes to a few days back.
    The macro 3rd wave up has begun.
    IMO,now that has happened,sometime within the next year,analysts lofty projections will come to fruition.
    Looking at the charts,I think SNTA will pass those numbers.
    The macro 1st wave ended on 1/28/13 at $11.88.Trend lines go much higher than $20......of course this could take a year........or less

    Sentiment: Strong Buy

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    • SNTA has broken through the daily MA of @$4.20.
      The next point of resistance (before a significant retracement) should be @ $4.72.
      After that,it is the 50 day MA ,currently at $5.11.....then the 200 day MA ($5.55) should provide solid resistance.

      Sentiment: Strong Buy

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