Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

PVCT has made some very good price action in these recent moves down and back up.

From the current 'top zone' that was around 2.70-2.80, recently sold down to test the 2 dollar zone last week.
It made 4 bounces at 2.05 (one at 2.02) and then made a strong rally in the last 2 days. Today was strong follow through.

a big pop at the open, pulling back thru the day but still currently looking like a bullish flag. ready to make another rally push to test 2.80

Right now, the 2.25-2.35 zone is support that needs to hold to keep looking good. and the upside target looks to me like 2.80,the Bollinger band top line area, and previous pivot highs from a while back.
If its a contest between long support and shorts selling when their chance comes.....we have the longs winning their support zone at 2 dollars.....soon it could become the shorts getting tested at 3 dollars.

starting soon maybe at 2.80 area.

If I had to guess here, I might guess we could see price rally close to 3 dollars. But even at 2.80, I would expect to see the shorters step in again there.

which would make the next test for longs to hold support again in that 2.30-2.50 area.

Where's price now playing around.....the 2.40-2.50 area.... yes, this will be a support zone to become hardened in the future, and show its strength like 2 dollars did last week.