Seneca Biopharma Inc fka SNCA

[Citrati]

This is not meant as a trading call or to shake LT holders. We know we have a good one here.
At present, CUR is being controlled by the 50 day which still is in a downward trend. At a minimum we are testing 3.30 and the bb midline. 10 day and all indicators have turned down as well. Best case is support holds and is a buy possibility. If it doesn't hold then we will again get a lower buy point. Ideally we get a higher low than the previous low to maintain an uptrend line. The longer it is til news IMO the more likely we slide. As always news trumps charts.
http://stockcharts.com/h-sc/ui?s=CUR&p=D&yr=0&mn=6&dy=0&id=p88930986420
This chart also reinforces the value of noretreat's style of scaling in and building a position when entering a stock trading below a major moving average so there is still powder to take advantage of retests.
GLTA