Makingmillions192
Oct 1, 5:01 PM
Technical Update:
$LEXX - The Coiling Spring 🚀
Following the post-warrant restructuring drop to
$3, the stock is consolidating in a tight
$3.10–
$3.30 range on ultra-low volume, signalling complete seller exhaustion.
Despite flat price action, indicators reflect a classic bullish divergence: MACD completed a positive crossover with expanding green histogram bars, while RSI exits oversold territory toward 40—a textbook setup for a sharp mean-reversion move.
At a ~
$7M market cap vs. ~
$9.5M net cash, current pricing reflects an over-capitulation event that ignores fundamental validation from active MTAs like PegBio and its multi-year pharma partner. The record consolidation in this channel is coiling for a sharp upward repricing event, triggered either by technical short-covering or clinical catalysts.
#GLP1
$VIK $RANI $LLY $NVO
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