NanoViricides Inc. (NNVC)

[Trendliner]

One Interpretation of Friday's Relative Strength

NNVC was relatively strong on Friday. Yes it went down but the rest of teh market got creamed on high volume. NNVC's relatively small decline on small volume suggests to me a dry up in trading interest and liquidity. It's what technicians call a "dull" market.

This is very good for the bulls IF some authentic positive news is announced. There will be little liquidity to accommodate new buyers and shorts desperate to cover. The stock will take off.

BUT....and this is a BIG BUT...if there is no positive news what has been a slow price erosion will quicken to the downside. AND if there is a negative, for example another bearish report by someone such as a Pump Terminator or of that ilk, the stock will plunge.

A dry up in liquidity leads to an expansion on price volatility. The driver will be some positive or negative event.

Trendliner