NanoViricides Inc. (NNVC)

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NEWMONEY

Curious...would you classify yourself as a bull or bear on NNVC? Thanks


BTW, the short-term uptrend which is now over by the criterion I had given, is of relatively minor importance.

The trend-scale of real importance will be decided at the critical 1.00 level. If that can hold there is reason for the bulls to continue to have hope. Frankly, I am skeptical that the 1.00 support will hold but I will let the price speak for itself - res ipsa loquitur.

Previously there were signs of a committed buyer when the stock approached 1.00. Let's see the "supporter" shows up again.

The 1.00 level is not only of great technical importance to NNVC in particular, as discussed in a prior post, but of great psychological relevance in general. Price levels of 1, 10, 100, 1000 seem to resonate with the investor psyche. Of less importance; 3, 5, 20, 30 and 50. This is not numerological nonsense. It has been studied.

Falling below 1.00 and remaining there for at least a week would say the market has rendered a negative verdict on NNVC for the long-term.

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