Seneca Biopharma Inc fka SNCA

[raja48185]

Is this R/S done from a position of strength? That is the key here.

if there is no news in another week or month, then the shorts can take this down to $2.00 again - no big deal. That is how the market plays and then even if there is some real good news, it goes up and may be comes back to 3.5 level.

So there is not much consolation about the R/S - especially if it is not done from a position of strength.

Let us see where the pps ends up at the end of 1Q, 2Q,3Q and EOY.