NanoViricides Inc. (NNVC)

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Worst-Case Price Estimate for 2016

Using some conventional TA and some not-so-conventional methods I came up with a 95% confidence estimate for the lowest price NNVC could see withing the rest of the calendar year 2016.

This is not a prediction that it will go into the specified range. Rather it is an estimate of the worst-case downside price risk, under adverse market conditions, either for the general stock market, biotechs as a group, or NNVC in particular.

Lower Bound: $0.40
Upper Bound: $0.77

If the stock does move into this area before year end, it will offer opportunities for long-side trades with an upside target of about 1.00. Why 1.00? That will become an important resistance area if prices break below 1.00.

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