Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

OMG....descending Triangles !?!...Yikes


Opening that link was like getting blasted by the sun after a glaucoma test.!?? geezz.....

(Ive had computer problem, still unsolved, so I have to go to the library to come here.So I'm a bit limited in the process now.but I'll try to post at least once a day or when I see something worth saying)


Today, we see PVCT inching down to retest 85 cents. today at 86 .
its just one of those stair steps, an important one since it was the latest bottom. but there is 80 cents below and then into the 70's and the 64 Gap in play.

Watching the price bounce up and down between these various S/R points is always a two stage vision, to anticipate, not just how it falls to test a bottom zone....but Also watching how it goes up to test the 'top zone' resistance as well. It looks like the 'top' resistance zone above is around 90/94-95/ and then 1 dollar, and 1.05-1.09 area.
Its a somewhat more important step here at 85 to watch for price to hold and start bouncing Up, from here, and the tricky games to be careful about would be a set up for the next whipsaw Down... so I might watch to see a strong 'appearing' pop to target 95,to sucker in the sheeple who chase the price pops. and from that zone, 95-1.00 area, the whipsaw haircut happens, and down goes Frazier. and if we see Adam make another scary screech ,that jump starts the whipsaw, then theres the next game being played. to take PVCT down from 95 cents to 75 cents....something like that. Price might hold for a while at 80, and flirt with 78, and bounce up or down a few stairs, and then plunge to the short attack target zone, as low as they can get it to go.... hard to tell where that would be right now.
I share the same sentinemt as Vorlon now, and really appreciate his fundamental analysis of recent days. Great work.
so I look to see if the technical chart is showing the same sense of stability, and some comfort zone, not to worry about. That might be the 80 cent area or might be 73 cents. I cant say.
But it doesnt feel too worrisome to me. just a question of what bargain price we want to buy some more at.
My own stink bids , a few, are around 73 cents.I suppose I could nibble around 79, and buy much more around 70. But for me, some of this buying would also be trading shares to sell at the target top zone, (1.45-1.80 area) thats still my plan. as long as we have some time to wait for the mid point of the phase 3 trials...theres room to watch the bottom get established. I dont think 85 cents will hold , nor 80, when the next short attack trigger gets pumped. but I'd be happy enough to buy around 75 cent area.
in any case, dont get lulled to sleep here at 86 cents by the lack of price movement. and dont get all jazzed up if it pops to 95 cents like its going to the moon.

AF will never go away. he so scary.