Phio Pharmaceuticals Corp (PHIO)

[123tom]

The technical chart pattern now....

looks like RXII is coming to a big inflection point/ crunch time , maybe tomorrow or the rest of this week, at this price zone 1.80-1.95 area is really a critical zone , I looked closely at all the price action over the last month or so, and its This area around 1.95, a balance point, 2 dollars, and 2.10 as a resistance wall..but 1.80 a critical support.
I appreciate the fundamental perspective because thats my own weakness /blindness. but a far as technical price action goes.... buyers were Very disappointed to see price Fail like it did around 2.10 area and when it fell below the key balance point around1.95 a week and a half ago, that was a momentum killer...now with momentum looking downward...its been equally critical to see price support Hold at 1.80,like it did today. Maybe theres alot of MM control here because it fell today on low volume, as if 20 thousand shares would cause a drastic plunge... is that normal? seems manipulated... but the key is, this 1.80 zone is being painted as critical support. and the 2.00 zone is resistance that needs to be broken through. Tomorrow, as price retests the key 1.95 zone, it wont be a good sign if price gets hit hard down from there. we really need to see some Buying step in now, and as was mentioned....volume has been low these days.... folks who jumped in at this price last week and previous few weeks at this entry price have been 3 times disappointed. If it happens again , and gets whacked down at 1.95-2.00....failing to break through 2 dollars.... this week, we could see a bigger selling effort try to retest the 1.60 zone all over again. 1.80 would likely get taken out.
I ,myself will plan to sell at this resistance wall if it cant break thru 1.95-2.00 this week.
(but thats not advice , just what my own plan is.)

I like the idea of the science and potential success....but the stock has taken a terrible collapse from the 3.40 zone and has taken this long to find its bottom. Maybe I'd buy it again at 1.60 later on. it does take time to form a Bottom.... the last bunch of small rallys have shown big resistance at lower highs , around 2.00/2.10/2.15-2.20 area...now the Bollinger top bands are around 2.25 area.... the technical picture for this chart is that it would be a great achivement just to get back to Big resistance at 2.50...and below that 2.25 is a big target zone. Theres not much profit for traders in this chart picture.

You either need to be a long term buy and holder who isnt concerned, or else not be in this one, as a trader.... its looking like a small fish to gain 25-35% profit here.

http://stockcharts.com/c-sc/sc?s=RXII&p=D&yr=0&mn=2&dy=2&i=p76326611415&r=1415832308052

and today was kind of strange too with the pop to 1.97 and the collapse to 1.80...

Its developed a triangle terminal here, and will make a move soon. Down is not what we want here.

This equity does not allow stop loss /sell orders....so I need to watch as soon as the market opens.

Any big reistance around 2.00 and I'm outta here.