$AXSM (AXSOME Therapeutics Inc) – Looking to break-out the falling wedge

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Updated: 08 June 2020

$AXSM (AXSOME Therapeutics Inc) is a healthcare company that is set to hold the support in the 73–75 zone. Now it has bounce from the right shoulder of the Inverse Head and Shoulder formation and we are trying to break the descending Wedge that is bullish. Consider the break of 78.85 as a breakout setup with stops at low of the day or under prior day low. Watch sector for confirmation as well.