RE:RE:RE:wall at .54 and .55On the wkly chart, the 5 week MA has triggered a much bigger uptrend. 5 week MA is 60 cents right now. Weekly Middle BB is 90 cents. Upper BB is 1.54. Both the weekly STO & RSI are well into oversold territory and historically the weekly STO has made full swings putting the share price well above this level potentially filling that gap down from 1.10s
Annayya wrote: Nice close at 55 cents. With the deal expected very soon, we should see more volume next week moving the SP into the 60s and higher as shorts begin covering significantly as we approach August.
With 5 big pharma competing for the deal (or buyout), finalizing a deal could be quicker. The fact that 2 new companies are interested in the deal shows that we have a very good product.
biotech1973 wrote:
GONEEEE.. This is going to move now.. I can smell that..