RE:RE:RE:RE:anything yet?
Lipstick on a pig... not. KLH broke out of its down trend in July to reach a high of 1.05. Following that it declined to .70 for a bounce off the old downtrend line before heading back up. This is a good sign, indicating that the trend reversal is supported. The 200ma is supporting today's close of 1.08. Since July KLH has been making higher lows and higher highs... a price channel could be developing that is currently ranging from about .85 to 1.30. Once the reverse split is completed, the price may pull back a bit initially but from my interpretation the pull back will be relatively short lived. One concern is current volume... or lack of. We need stronger momentum, imo, to break past old resistance levels. The stock has become somewhat price sensitive hence the whipsaw volatility on lower volume.
Whether I'm wrong or right in my short term analysis... long term, imo, will be a huge winner. Provided, of course, immunotherapies that are dependent on KLH molecules are approved and put into commercial production. jmo