Provectus Biopharmaceuticals Inc (PVCT)

[123tom]

Your instinct was good i07nyc, PVCT was hitting a wave topping zone, at 1.15 area, even from yesterday at the close.
Today was a classic pop and drop...1.17 fell to 1.02...and then 1 dollar was tested today.

The stair step pivot points of resistance remain around the 1.02/1.05/1.07 area, and the support targets remain at 1 dollar, and down to every point shown on the chart ..... but today was a dramatic day for technical chartists to watch price action.... like watching the Frazier/Ali fight.... the battle of the 1 dollar zone.... lets get ready to rumble......

where will support bottom base hold this time.

IF 1 dollar wasnt such a fundamental marker for index listings and hedge funds...I would say that 1 dollar will not hold, and I should expect to see 90 retested . but hard to forecast right now.

But the slam down from 1.17 today was a reminder that PVCT can still get hammered when they want to sell.

But the chart was showing clear to me, the 1.15 area was a 'topping zone' to expect the pullback.

I like to see what the Ichimoku cloud shows me, the shape of the wave flow, and the target zones, all the lines come to show target points. worth noticing.

http://stockcharts.com/c-sc/sc?s=PVCT&p=D&yr=0&mn=2&dy=15&i=p36890455674&r=1409088143856

from 1.17 to .87 and all points in between,is the picture price action is showing us now.