NanoViricides Inc. (NNVC)

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THE IMPORTANCE OF SHORT-TERM TRENDS

The price structures of freely traded assets are fractal, smaller scale trends embedded within larger-scale trends, which in turn are embedded within yet still larger scale trends.

The importance of analyzing trend scales that are not directly relevant to the scale of trend with which a given investor is directly concerned is the immediately smaller scale than that target scale, helps anticipate changes in the scale of interest.

The key short-term support is at 1.23. A penetration of it will signal a move back to the 1.00-1.10 area.

Sure enough, the supportive buyer(s) entered the picture late in the day and rescued the stock from a breakdown. The pattern of trades using one-minute data is strikingly similar to other instances when the stock price threatened clear support zones and pulled back from the brink. The specific features used to judge similarity are proprietary.

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