Didn't expect this dropI certainly didn't expect to see Sirona drop so much after that run to
.84 and I know many of you are still in it and have been averaging down with it (as have I). I think at this point we have reached bottom with all indicators in the oversold and volume that has steadily been dropping. There's not much of a pop on the right side of the chart but it looks like it completed a Head and Shoulders formation. If that is indeed the case, we can expect a second run up to at least the next resistance line at
.49 where this story all began! Here's to hoping... The float on this stock is very thin and it could move up very quickly again. There is still the news of the acquisition of the French company that they need to complete and announce which will give them a European distribution channel. I'll be holding onto this stock until I hear that news and its price action.
See chart here
https://us1.campaign-archive2.com/?u=4d6d491aea8e01d93d8a1f390&id=710abcf5e8#SBM
Cheers!