Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

Watching this pop and the price action now....

this is the pop to the 1.06 resistance I was anticipating....and the sell down ,to 92 cents , and now a second rally back to 1 dollar....a battle today. but it looks propelled by fundamental news this MOU with big china pharma.

IF there had been just a pop rally on no news, I would caution with concern for this move as a set up for a bad whipsaw slam down. the way that game is often played. but it appears this is news driven.

see how despite that. when price popped to the resistance kill zone at 1.06, the sellers and short traders just jumped in automatically . the technical sell point. but so far, price has held at 92 cent as support.

so this becomes the battle zone, and IF this news is strongly bullish, I feel tempted to see this support zone, below 1 dollar now, as a technical buy zone. the other day, it was holding at 82 cents. but Ive been waiting to see a plunge into the 70's, just to be safe. Now, a good news day later, and things change.
this could become decision time now.

If this news becomes seen as Big news...or gets pumped up by newsletters now, .... we could see price take off to the next levels above 1.08 area. and then we'll be watching to see 1 dollar magical magnet line become key support.
For bargain hunters like me, thats not a good thing..wishing now I had bought some at 82. but willing here at 92. if all goes well. thats what happens with the guessing game , waiting for PVCT to get short attacked and gamed like it has been. I wanted to wait for this pop....and then wait for the pullback. so far its held at 92.
watching the 1 dollar line now.