Idera Pharmaceuticals Inc (IDRA)

[Citrati]

Yeah, I hear you.
Recently the rsi and adx have pretty accurately called the action.
What I find most interesting the spacing and size of the green volume bars. Someone or several someones bought enough to move the price on no news. It seems that the volume buying is dropping (they have what they want for now or waiting for it to settle before beginning again...just guessing here)
The continuing lack of news with the drop in buying volume could then create this erosion.
http://stockcharts.com/h-sc/ui?s=IDRA&p=D&b=5&g=0&id=p23606891991
Will the bottom bb hold? Something to watch.
Indicators are essentially trendless right now so anyone's guess.
Be Green