AEON

AEON appeared on a custom TV scanner I created, here are somethings I believe are worth considering:

– Avg Vol: 5.06m / 1/7 Vol: 48.30m
– Public offering announced 1/5, crashing stock by 66% – (Offering close 1/7).
– HUGE Volume in the last two days, just hit 52wk-L…
– Penny stocks have been rocketing lately, this one is primed IMO..
– Accumulation has risen and held above recent dip while just above 52wk-L – (dip-7/15/24)
– TF: D → VP-POC: $0.18 / TF: 5m → VP-POC: $0.19 / TF: 1m → VP-POC: $0.23
– According to Fintel – Shorts Available: 0 (Just info, not laying my neck on accuracy) S-Shot.
– Avg Vol (30d): 5.06m – Today’s Vol: 48.30M.
– It held $0.20 AH / Higher lows all day.
– Nearly x8 daily volume / Bottom heavy VP.

Overall:
Stock is really beat down off of the public offering.
I don’t see it going much lower based on the chart review, 52wk-L, and PA strength viewed on 1/7/25. The last two days carry the largest volume candles currently printed on the daily chart.
This is a risk play obviously being pharma – but overall, when I’m looking for strength, I like to see large orders confirm my thesis.
If this gets attention, then I see some real movement. Price is @ ½ of companies offering price – Moving quickly to $0.50 would put it on even more radars. Looks good AHs…

Cheers 🍾

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