Lineage Cell Therapeutics Inc (LCTX)

[123tom]

The chart is starting to look more hopeful at present, only because it made a recovery strong from the 3.25 bottom zone. now hitting the resistance zone at 4.00-4.20 area. I think the key to watch now is the next pullback,needs to hold strong in that 3.55-3.75 pullback zone, and make another good rally to higher highs, targeting 5 dollars. At that point, I might regain a positive outlook, that a bullish chart pattern returns to BTX, a long time waiting and watching the down trend since 3 years ago.
we could see a little more rally ongoing to targets 4.20-4.40 but I would expect and in fact welcome a pullback to retest 4.00-3.60 area...IF BTX can hold support there with that pullback, price could make a big wave rally to target 5 and establish 4 as a bottom base again.

This has been a long time waiting. this is the wave structure/price action that has to happen to make the chart bullish again. The days of 3 dollar bottom need to end. and 4 needs to reestablish itself, 5 and 6 and 7.00 targets need to be found again.