Bullish
$PTI Today we opened at 1.95 and broke 2.13 resistance, and ran to 2.70. We had a pullback for normal profit taking back to 2.30, and then closed at 2.40. Very successful day, completing 12 days uptrend off the reversal noticed three weeks ago @.74.... the reason? 👉PTI Phase Study has generated a bullish sentiment for having rapid enrollment from US and global clinics, that they are now prepared to release data early [Org. Scheduled for Q1 2020]. They could have decided to wait additional 12 weeks to tweak and finalize the data, but perhaps they have discovered early success. Market recognizes this as bullish sentiment. 👉PTI Phase 1 Data achieved 8% on low dosage and half time compared to Vertex 10% ppFEV1 and on sicker patients. Phase 2 study led by ex Vertex CSO matched the criteria, now look for PTI to meet or beat Vertex- a 10%ppFEV1 or greater is a major win 👍 This will continue its reversal to plus $4 [current gap] where once traded before data release 🍺
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