Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

PVCT is playing ping pong in a support/resistance zone.

See how it fell right to the support point at 2.35 and held there. might not hold next time or it might. The more I see these kind of elastic moves from 2.70 down to 2 dollars ,back up to 2.70, and back down....this is all a big zone. I suppose some traders can play this range, selling 2.70 and buying 2.10,and making a day's pay. But for investors, I would think the better idea is to just buy low and hold.
The last dip to buy was 2.05 area. not really possible right now to tell whether this support point at 2.35 will hold as the dip to buy. All this price action for many weeks has been a Range. not a trend up or down.

so its possible we could see another drop towards 2 dollars. in this Range. But at some point, the range will be broken. Maybe that will mean we get another chance to buy 1.75...or it will mean we get a chance to watch what happens at 3 dollars.

I have to believe that he sort attackers will start foaming like rabid wolves when we see 3 dollars. hat will be interesting to watch.