Lineage Cell Therapeutics Inc (LCTX)

[123tom]

Its crunch time for BTX now.

BTX has made a fairly decent rally off the 3.25 low. now back into the resistance zone(3.70-3.95) after 4 good days going up, has survived the first effort to sell down around 3.60 area,a few days ago, now it is getting into overbought territory.
The Bollinger top band is at 3.92. One more good day will get there. indicators will be very overbought. I might need to sell a little there just to be safe.

The key support zone below is now around 3.58-3.50 area. That will need to hold when the next wave down selling effort commences. and If that area holds, the next wave Up should make the effort to break above 4 and try to stay above 4 dollars.
Any major fundamental news would likely make price action move beyond these technical parameters.

I give BTX buying force some credit here. It showed a bit more strength than I expected, especially these last 4 days above 3.50 after holding support there.

Now its crunch time for BTX at the resistance top zone 3.70-4.00

Two important price points now are the 3.92 Bollinger top zone and the key moving average support zone around 3.58

both become the key targets for now.