DCTH trend reversal; target around $1.3; possible 20x+ rise

22 thg 9, 2017

We can observe trend reversal on Delcath.
We've had clear impulsive wave up in June 2017, since then we are in clear ABC correction.
Correction should end around 4-5cents and around end-of-September.

Following rise should be a huge impulsive wave C or wave 3 which will take us to $1-$1.3 level.

9 thg 10, 2017

Ghi chú

My best bet is that we have finished the wave C of the correction down on 25th September.

From that point on the trend has been up.

Wave 1 is done and since the beginning of the last week we can observe consolidation in the wave 2.

I expect strong impulsive move up in October that will take us above 0.38USD and probably up to around 1.3-2.6USD.

9 thg 10, 2017

Ghi chú

If we made a new bottom below 5 cents, my analysis would turn out to be incorrect.

9 thg 10, 2017

Ghi chú

I think we are going to have another small dump to the 0.044 area. That would be the bottom.

11 thg 10, 2017

Ghi chú

I would expect the bottom around 0.044USD sometime next week.

14 thg 10, 2017

Ghi chú

It's still wave 5 of C, but could be longer than expected.
There is a strong support around 0.027-0.03 USD. I am not buying yet.

14 thg 10, 2017

Ghi chú

Ok, where do we stand?

Everybody fears upcoming reverse stock split and dilution. Sentiment is extremely negative and there is a huge selling pressure.

Once we are done with the stock split thing there won't be any short-term negative news that influence the price. Also, there will be three types of people interested in the stock:
(1) Bagholders who came to terms with a loss and are not selling;
(2) Short-sellers who are holding short positions;
(3) People who are waiting on sidelines for a right moment to step up.

It is a perfect scenario for a huge short squeeze, isn't it?

14 thg 10, 2017

Ghi chú

If the price felt to 0.027-0.03USD, I would not be so sure of 1.3 USD price target. Nonetheless I would still expect a 20x price move which would take us to the new high probably around 0.7 USD.
1.3 USD target still stands, it is just less probable.

17 thg 10, 2017

Ghi chú

Target is 0.027. Nothing changes.

17 thg 10, 2017

Ghi chú

Demand is showing up. Momentum and volume divergences. I expect one more bottom at 0.027-0.03. This is very likely to be the support.

18 thg 10, 2017

Ghi chú

Going forward there are three options:
(1) We have made the bottom today.
(2) There will be one more bottom at 0.027USD very soon.
(3) My analysis is wrong.

18 thg 10, 2017

Ghi chú

Just have loaded up heavily. Very high probability that the bottom is in or around.
Market cap at this price is only 15mln.

19 thg 10, 2017

Ghi chú

I think the bottom is in. Now heading to ~0.65USD territory.

23 thg 10, 2017

Ghi chú

The move up looks like a correction. I expect drop to 0.027USD.