Provectus Biopharmaceuticals Inc (PVCT)

[Mokyo Toe]

The past few weeks was a softening we saw a couple of months ago too. There was no hardcore selling; this has been a low-volume decline to a support at .042, and a bounce there. There was one day when one seller seemed to be getting out, which happened about two months ago too, but no broad-based selling on any day. For purely technical reasons, this ought to drift up now, very slowly at first. Our old support of .047 is now the first resistance, but it isn't very firm.

In the absence of any news whatsoever, this ought to drift above .05 again, as it has before. Volume will increase if it does.

Nothing new came out of the shareholders meeting, so it failed to generate any buying. At some point, the company will update us, and assuming there's no bad news, that should provide enough impetus to nudge this up a level.

This is not likely to skyrocket; slow and steady will win this race.