Phivida Holdings Inc. PHVAF

RE:RE:RE:RE:Final purchase

[IcarusTrust]

Highdough wrote: On the flip side, let’s hope it was a double bottom today and it’s up, up and away from here.  Don’t get me wrong I’d love to this back to .90+, just the saying “sell in my and go away” has me worried here.  

I actually agree with you, technically we broke a strong level of support at 65c -albeit by a   penny- it is concerning. However I’ve noticed that if support mildly breaks on a day where market centiments are effected and weak du to global financial worries - ie. Chinese - US trade tension- the break in support does not carry the same weight.

the way I see the chart is there are a lot of buyers waiting at the 65c mark and a lot of scared folks today breaching the 65c mark due to market sentiments.

basically these are great buying opportunities.  

Glta