Therma Bright Inc is a medical technology company focused on providing dermatological products in the medical device field. It has a proprietary thermal therapy technology that uses heat and light energy to provide topical relief to skin irritations resulting from insect bites, stings, and prevention of cold sores. The company’s products include TherOZap and InterceptCS. The InterceptCS system provides controlled topical heat, without the risk of burning the skin, which will naturally prevent co- Stockhouse
Symbol: THRM.v
Market Outlook: Therma Bright saw a +550% run in 2 days off the news of their high efficiency rapid covid-19 testing. As companies like Therma Bright continue to push rapid testing technology to new heights in this uncharted environment we will continue to see strength from this sector.
Support: $0.15 | $0.195 | $0.205
- 21sma – $0.15 (Daily)
- Long Term Support Level – $0.17 (Daily)
Resistance: $0.23 | $0.27 | $0.38 | $0.53
- Upper BB – $0.305
- Key Resistance – $0.23 (Daily)
Technicals: THRM is forming a picture perfect bullish flag on the daily chart on slowly increasing volume, as the trading range continues to get tighter we suspect the company will issue updated news or the general sector will start to see a tail wind to resume the bullish trend. THRM continues to trade above the 8ema showing steady accumulation.
Sentiment: BULLISH
Source – TradingView
