Saturday, May 28, 2016 1:19:46 PM
The 1.50 support has been holding since May 5th. At the the short time scale, this is a significant duration. The implication is that when and IF it that level is broken, the move down will also be significant. Significant, as well with be the buying opportunity it provides to those looking to establish or increase a long position.
Without positive news flow, early stage bio-tech stock show a pattern of price erosion. This is particularly so with companies that have lost their initial luster due to dashed hopes and expectations. NNVC fits this profile.
Based on information from contacts with knowledge of NNVC, which are not employed by the company but good just the same, permit me to make the inference that the probability of a price-moving favorable announcement within the next 3 months is less than 10% and within six months less than 25%. This is consistent with the technical picture.
Trendliner
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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