Thanks for your comments Suberizdwrx,
I appreciate any info people share that offers insight into the game.
So, from a top zone at 2.75 , a 20 % pullback takes us to the 2.20 price point, which happens also to be a big support point on the chart.
It might be overly optimistic to expect a fall to 1.95. but stair steps at a time.... this short play was a good trade already, and beyond the 2.20 area is just being greedy.
BUT the bigger target low is 2.13.....ad IF that gets run through, we could possibly see 2 dollars as the bargain to buy.
Buyers will likely start stepping in ahead of 2 dollars, maybe 2.05 sort of thing.
Suberizedwrx, your analysis of PVCT is not really very correct. The 6 dollar surge was a severe pump and dump operation, to start with, but if youre simply playing a trade,its a decent short trade from 2.75 to 2.15. well done.
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