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That's not what I said.
If you look at the chart from a macro perspective, you can see that the value of the stock doubled starting in October of last year. The stock has consolidated, but is currently holding a large percentage, almost half, of its appreciation since October. The 200MA is in an upward trend. I suspect that with news within the next month, this will once again be making new highs.
Once it hits the 200MA it should start the next leg up. This will likely coincide with news.
Looks like the next leg up is starting.
Why will the PR of the FDA filing be a big deal? Essentially it is just confirming that they submitted an application that they already said they would submit.
I respectfully disagree that the RSI needs to make a new high or otherwise the move is finished. I could see the RSI not making a new high and a pennant forms that ultimately breaks out to the positive side.
Why do you repeatedly say $.09 below $.35? Am I missing something, or should you just be saying $.26?
Why is 2 cents the proper valuation? Notice the question mark.
You are probably correct.
And then what?
Yeah, and it went from .28 to .44 last week. It's a volatile stock making higher highs and lows. What's the problem?
The weekly chart is really where the impending major move to $1+ can be seen. Today's action just tested last week's support and the stock is moving north again. I'm very bullish here.
Look at the weekly chart. It's not above 90 there, and that chart suggests we may ride RSI in the 90s for weeks on the daily chart.
Thanks. It's the chart in post #170012
I see the daily chart posted but not the weekly. IMO the weekly chart is much more telling about future price action here.
This chart should be stickied or placed on ELTP's homepage.
We will very possibly be over $1 by year end.
Back in Top 10 most read, and breaking resistance. We are going to run tomorrow.
If you look at the weekly chart, this thing should be trying to get above .97 in the next several weeks...$$$
I truly love the weekly chart here and it is setting up nicely for a HUGE run
The weekly chart looks sick. Like we are going to $1 sick...$$$
It seems they may attending but not presenting?
What I don't understand is why they aren't listed here:
https://www.bio.org/events/conferences/2015-presenting-companies
The difference is that the 12 week interim efficacy standard is different than the 52 week primary endpoint. The 12 week interim analysis threshold was a difference of 2.0 IPSS points above the placebo. According to PRs, the primary endpoint is just achieving a statistical difference over the baseline. Look at the phase 2 trial data to see how far it was above baseline then.
I'm long-ish, and have thousands invested, but it seems just as possible that the longer we wait, the more anticipation there is of the 10k which is preventing a massive sell-off that could occur with a weak 10K.
As of today, with the A/S still at 300 million, yet with O/S reduced by 15:1, the company has millions and millions of shares they can dump onto the market that they could not have done yesterday because yesterday the O/S was maxed out at 300 million. The price is down because they are creating the selling pressure by selling all of these shares they can now sell as of today.
So the company can now be dumping millions of more shares?
Is A/S the same as it was yesterday?
Who told you?
I'll be back in at the 50 day MA or when it breaks .20, whichever happens first.
Pretty much looks like a double top formed. I am just hoping it forms into an ascending triangle the next week or so.
What time Monday should it be released?
PSAR flipped on the daily chart. $$$
What time Monday should earnings be posted?
What time Monday should the earnings be released?
But if you can triple your yearly earning by swing trading, it may just be worth it.
If we are at .30 tomorrow, then it would be just a 100% day to get to .60 on Monday. That would still be a huge, huge day, but nothing like 300-500%
There is no way we aren't at least testing .20 this week, if not today.
This can break .20 today if there is enough volume.