$VNRX – Pulled Back Into a Potential Entry Zone After Friday's Big Move

VolitionRX had a strong run Friday, pushing over $3 on volume more than double its 30-day average. Today it's giving some of that back, down around 7% to $2.90 — but honestly, that's pretty normal price behavior after a spike like that.

What's worth noting here:

* The **breakout from the long base** (you can see the chart was grinding lower for weeks before the recent move) still looks intact
* **Float is only 6.93M shares** — that's a tight structure that can move fast when volume picks up
* The **covenant waiver news** (Lind convertible notes, $9.9M) removed a real overhang that had been weighing on the stock
* Latest earnings were May 14 — recent and behind us
* 52-week range is $1.91–$18.80, so there's historical precedent for much bigger moves

Today's volume is light so far at 36.85K vs. the 248K average — this looks more like a quiet pullback than distribution. The $2.90 area is sitting right at the day's low, which could be a support test.

Not financial advice — just watching this one. Anyone else tracking $VNRX?

https://preview.redd.it/nt2hmq5ukh3h1.jpg?width=1818&format=pjpg&auto=webp&s=7c4fe3b82300a813a0a485f69a159e595e965329