NanoViricides Inc. (NNVC)

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THE LONGER A SUPPORT LEVEL HOLDS THE GREATER ITS SIGNIFICANCE WHEN VIOLATED
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.

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