SLDB Fib Check: Holding Gains or Setting Up for a Reset?

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SLDB For those following Fib levels, SLDB’s surge from $2.41 in mid-May to over $7 has tracked cleanly through key zones. The stock hit resistance right at the 0.618 ($7.33), which also lines up with a prior breakdown area.

Until we get news on potential accelerated approval, FDA meeting outcomes, or another catalyst, this may act as a short-term top. A healthy pullback to the 0.5 ($6.39) or even 0.382 ($5.45) wouldn’t be surprising. Holding above those levels likely keeps the bull case intact.

From here, price action, IMO, hinges on whether bulls can defend key retracement zones -- or if momentum fades without a fresh trigger. Fib levels have been respected on the way up... and probably will be on the way down, too. Stay tuned.

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