NanoViricides Inc. (NNVC)

[I Need Help]

noretreat, job well done.

Pretty much as I had scripted out earlier in the week. Wound up hitting the upper support range of $3.90; then, bouncing. I think you were saying similar.

Question:

ended up with decent volume. so is the short-term bottom in?

Answer:

I think so. Would look for another attempt at the recent high range of from $4.50 to $4.65 in about another week. Fairly good chance the range gets extended higher (slightly); then, another pullback. Think we may be getting into an upwards staircase (rising flag) pattern. Generally good volume, but the quick moves higher and lower; often, on low volume. I think institutional ownership will keep things between the trees, and would not anticipate any major upset.

Eventually, am hoping for a major breakout on good news or anticipation of such. Hoping there will be no major gapping, just nice movement. Likely, something will break in the next three months or so.

We shall see.

Have a great weekend.