Tuesday, May 24, 2016 5:15:52 PM
Technical analysis is occasionally a bit 'fluffy' - in that many of the underlying assumptions of the models used to make those projections can be violated, and in that significant and unexpected or unaccounted for changes in the factors used to make the projections can cause unexpected results.
However - "fluffy" does not equate to useless,... Especially in the short-term, those projections can be quite accurate until new factors come into play.
For example,.... if NNVC were to announce tomorrow that all eight of the candidate HerpeCide test compounds that they sent to their University cooperators had proven useless in the animal models and that none of them showed any efficacy in protecting against Herpes Viruses and that they had to go back to the drawing board for a complete redesign,...
The market would react to that change extremely negatively - and anybody who made a technical analysis predicting that the ~$1.50 range was providing support the day before that didn't take that extremely negative factor into account as a negative would likely find that their 'barrier' was broken and the next levels of projected support (much lower) would then get tested.
OR
For example,.... if NNVC were to announce tomorrow that they had found an optimized HerpeCide drug candidate that all 3 Universities claimed had superior efficacy in the animal models, and that they were shipping off a batch of that HerpeCide for TOX testing next week,....
The market would react to that change extremely positively - and anybody who made a technical analysis predicting that the ~$1.50 range was providing resistance the day before that didn't take that extremely positive factor into account as a positive would likely find that their 'barrier' was broken and the next levels of projected resistance(much higer) would then get tested.
Technical analysis can be quite useful in AT LEAST the short-term.
“The two most powerful warriors are patience and time.”
- Leo Nikolaevich Tolstoy
Recent NNVC News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:30:39 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/09/2024 08:05:25 PM
- NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • InvestorsHub NewsWire • 05/02/2024 02:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:55:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/04/2023 09:08:49 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:30:41 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:44:54 PM
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