ARDX
Channel break is all based on business performance. If good Q3 ER = 60+mm rev// neg .05-.07 eps (27-X/35-I/ 3-ect ) then breakout. If neutral or flatish growth, then more development, sales, and catalyst needed.. develops into Elliot 5 wave in the channel. Could break on good #4 too, but at year end ER around FEB 2025 becomes the pinnacle. If further positive development it breaks out above. If business doesn't materialize and continued losses, then breakdown to previous channel - becomes a head n shoulder macro chart (very unlikely btw)..(it's not the chart that determines movement, it's the business) Most of this board's revenue projections and growth outlook is spot on. Fully positioned for break on #3..
ARDX
Channel break is all based on business performance. If good Q3 ER = 60+mm rev// neg .05-.07 eps (27-X/35-I/ 3-ect ) then breakout. If neutral or flatish growth, then more development, sales, and catalyst needed.. develops into Elliot 5 wave in the channel. Could break on good #4 too, but at year end ER around FEB 2025 becomes the pinnacle. If further positive development it breaks out above. If business doesn't materialize and continued losses, then breakdown to previous channel - becomes a head n shoulder macro chart (very unlikely btw)..(it's not the chart that determines movement, it's the business) Most of this board's revenue projections and growth outlook is spot on. Fully positioned for break on #3..