NanoViricides Inc. (NNVC)

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ON THE UTILITY OF TECHNICAL ANALYSIS

Avatar reveals a lack of knowledge of technical analysis.

There are numerous studies showing that prior returns are correlated with future returns. This is called momentum investing. It's simple and it works.

It's no sin to lack knowledge of a given area. Less defensible is rendering an opinion in the absence of knowledge.

For those who would like a to learn more about TA, may I suggest a book that is part of the required reading for those seeking the Chartered Market Technician designation.

Evidence Based Technical Analysis (Wiley 2006).

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