My two cents for what it is worth.
I do not trade by using charts; however, I do like to look at them to see another perspective. I said this may be a rough ride for a while, and I still believe that. The bears are out there and there will be some profit taking. That is a good strategy for those that are so inclined and perhaps a good opportunity for the bulls to load up. The fundamentals seem to be good except I really hate NUVLX financials. In fact, they are scary. I do not see what I want to see and I am not thrilled with the revisions, and the switch in accounting firms and change in numbers at the same time. As a retired banker, I can tell you this would have gone right into the round file (trash can) at the bank.
What about the venture capitalist? The Lincoln Park VC made a sweet deal here due to the exchange of below market priced stock as collateral for a commitment. Their risk is relatively low due to that funding deal. Yet even though VC takes enormous risks, they do not risk without a good possibility of a huge return. Although I do not have all the particulars of the "loan" it seems to be based on the stock going up, up a lot. The VC must, and I do mean must, be privy to aspects of the product, where we are obviously not at this time, in order to have considered this venture, even at "low" risk insofar as the terms go.
I would like to hear the announcement of trials underway, and fairly soon. The people and companies involved with but are outside of Nuvilex are a reason not to fear uncertainties, as they are superb.
How about the technicals? Let's talk in terms of the market as a whole. I think we'll see the bears come out a few times before a big rally. (This also holds true for NVLX itself.) If the 200-day moving average line floor holds, and the S&P 500's 1815 line holds as the floor, I say probably bullish. However, I will reserve my bullish prediction until when, and if, the S&P 500 starts to trend above 1895. Then watch out for a pent up rally. That is of course if you are going by charts which a lot of traders do so charts signals will predicate their moves. Nuvilex should behave similarly if I am correct.
I believe that the way the NVLX PR's are reading, some real news is apparent, or at least it should be. As an added note, past chart formations similar to Nuvilex present chart still show a greater percentage of declining vs. climbing in the short term, which adds to the notion the bears will come out for a while. Everything you have read so far is merely my opinion.
Okay, now that I have acted like a big shot, as I did to my superiors at the bank, the truth is NVLX is still a crap shoot at this time. The success or failure of the trials will determine if NVLX is a winner or a loser in the end. I like the gamble vs. possible return.
BTW, I love that NVLX ended the day up after a great rally before a long weekend.
