Market Blog Technical Analysis

Antonio’s Analysis: This stock could see more gains ahead

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) caught my eye last week when price broke the $7 resistance area with a strong momentum impulse. Price seems to be forming now a potential bullish "flag" consolidation formation. If this pattern materializes, the next move should be to the upside, because prices generally exit "flags" moving in the same direction they were moving when they entered them. (more…)