Organovo Holdings, Inc. (ONVO)

[WHP03]

Looks like $3.85 is the resistance line to the South... we bounced off it again this afternoon. It feels like we're consolidating here.... low $3.85 to high of $4.05.... when it moves up from $4.05 back to the mid or high $4s is anyone's best guess... but it feels like $3.85 is the current lower bracket unless and until there is negative news to drive it lower (overall market news or otherwise). Same on the upside... ONVO news, especially surprising news (even if we have to wait until early Nov for Q2 earnings) will take us higher IMO. I am looking for revenue to come in such that it shows we are straightlining to the higher end, or above, the projected $4-6MM revenue goal. If that doesn't happen we'll need to hear that the 2nd half is 'loaded', and then revenue will need to exceed the upper end of the range if we have to wait until Q4 to be shown revenue was indeed back-end loaded for the current fiscal year. ONVO has great promise... this is definitely the year they need to exceed revenue expectations to prove they've got the goods, so to speak.