Avid Bioservices Inc (CDMO)

[Protector]

stonroad, forget about the MEANINGLESS option transactions.

100 option contracts represent 10000 shares. So a few hundred hardly means something. It is promising that we remain above the 200MA daily bars.

We are overbought in the daily RSI and the ruler says we will, possibly after still increasing our current higher-high some more in all cases drop about 10-12 cent for our higher-low. If 1.32$ would remain the high then 1.20$ would approx. be the Higher-Low.

Today's volume is not really at the appointment compared with other days. The side-ways movement looks & feels some like FORCED.

The important thing is that the general direction and the trend since end OCT is clearly a waved and volume supported UP path and that is a LONG TIME since we have seen that.

Don't miss understand me, nice that someone bought some options. But then I prefer what cheynew reported about PPHMP being up. Of-course that has been supported by an article.