NanoViricides Inc. (NNVC)

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SUPPORT ZONE 1.50 TO 1.60 IS HOLDING

I had expected the support to fail by today, but it has not failed and the volume pattern ( OBV) is improving. NNVC is not out of the woods technically yet, BUT a close above 1.75 on increased volume would change the short-term technical picture and suggest a short-term up move to 2.25. Such a move, were it to occur, would not change the Long term bearish picture but it would give longs a chance to get out at higher prices. The long term picture remains decidedly bearish.

If Support fails, then it's a fast move to 1.20 to 1.00.

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