Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Not just going to test 3.50 as was stated as a possibility it is testing lower. The overall recent downtrend is in force until it isn't. Downside possibilities are the previous bottom at 3.25 or bottom of bb at 3.28, so a zone there and if that fails 2.75 area comes into play. You can go to LT charts, Ichimoku, pivot points etc to find strong and weak support possibilities.
http://scharts.co/1b4iPvB
Obviously Baker and other Institutions are not support buyers at this time. No long term worries we know of, but some white knuckle action for holders. Typical bio.
Trying to keep this brief....lot more could be detailed. The tricksy part is we could double bottom here.
GLTA
IDRA