Monday 20 January 2020

Large Buying At End Of Day Causes Kalytera's 4.5 Cent Wall To Come Crumbling Down

Our top pick Kalytera Therapeutics Inc. (KLY.V) (KALTF) moved up 11% to $0.05 on over 4 million shares traded in Canada while the U.S. market was closed. The stock closed up half a penny after a last minute trade at $0.05, but the real story was the takedown of the large wall at 4.5 cents that has been plaguing the stock for weeks. 1.5 million shares were purchased at 4.5 cents in the last few minutes of trading on Monday. This strong buying signals a momentum shift upwards that we have predicted would occur soon. Have a look at the weekly chart below. After months of downtrend, KLY finally broke above its 50-day MA.





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We think Kalytera's warrants KLY.WT.B are the best way to buy into the company. The ask at 1.5 cents is down to around 700,000 volume for sale, or just over $10,000. For those who want cheap leveraged upside, the opportunity to purchase warrants at 1.5 cents might not be around for much longer, especially after the stock's 4.5 cent wall came crumbling down today. But even at 2 cents we think the warrants are cheap. Read our article "Buying Cheap Cannabis Warrants: Kalytera Looks Ready For A Run After Getting Unsolicited Offers" for more details.

Kalytera has repeatedly stated that it is in discussions with multiple potential partners for its GVHD program and that it expects a deal to take place some time in Q1. Kalytera is in a great position to get caught up in a bidding war. The company released its Phase 2 results for CBD to treat GVHD last summer. The trial went so well that the company cancelled its high dose cohort for Phase 2. We think that once a deal is in place, the company will move ahead with Phase 3.

2019 was a rough year for cannabis stocks, but things are slowly starting to turn around for some companies like Kalytera. As we look ahead to 2020, TradeMiner may be able to help as it identifies seasonal trends and market cycles. Microcap Millionaires finds the next big small cap plays in weed and other industries while Addicted to Profits makes trades from a Canadian perspective. You can also find some insightful information about CBD here.

There are also some good books available such as:

Stock Investing for Beginners: Marijuana Stocks

Make Money Online With Cannabis Stocks: Learn This Basic Strategy and Build Wealth With Cannabis Stocks

Beginner's Guide to Investing in Canadian & US Pot Stocks

Marijuana Stock : Investing in Marijuana Stocks for Passive Income

How To Invest In Cannabis or Marijuana Stocks - Cannabis Investment Group

Here are some other good stock market resources. This includes technical analysis and day trading, dividend stock investing, gold and commodities, sector rotation, options trading and microcap trading strategies:

The dividend stock report from dividendstocksonline.com

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