Lineage Cell Therapeutics Inc (LCTX)

[123tom]

Technical chart watching, I think the next several days for BTX will tell a lot,by watching how price action moves up into the resistance zone from here 3.65 to 4.00, watching to see how hard of a struggle BTX has just to return to 4 dollars....or how easily it reaches 4 dollars. That will be my barometer for selling at 4 or holding on , (and selling some at 5)

We see all the fundamentally positive announcements and news about BTX all the time....and yet the price never seems able to hold the base at 4 and rally higher. It gets sold down with determination to retest 3 dollars. back to 4 back to 3. I want to see 4 and up to 5 and back to 4 and up to 5 and 6. not down to 3.
and if 4 keeps failing , then the target will always be 3 (or lower)

All the positive fundamental news about BTX is not generating buying strength .

BTX looks weak below 4 dollars, and when it rallies above 4 dollars shows great weakness at the top zones. Never holds any top zones.
Lets see how weak the effort is getting back to 4 dollars now.

Meanwhile, lots of biotech stocks are soaring. INO,CUR,CTIX, GALT,PVCT, and the Nasdaq Index, went UP 60 % in 2013