I'll need to see a high fractal to calculate any down-side targets first.
Right now, the recent low at 3.13 is about 50% of the second wave down range, and thus a likely target.
The 200MA currently at 2.72 also currently corresponds with a target, but both could change if CUR prints a higher high first.
At this point, I'm torn between seeing the recent dip as a buying opportunity (missed by me), and expecting either another chance at that low, or a lower low.
As I've noted, CUR is behaving stronger than the IBB, so difficult to read.
As you note, the IBB is at a support level, the 50MA on the Weekly Chart and the 200MA on the Daily Chart. If it holds, or fails, should continue to affect CUR in the absence of any CUR catalysts.
The proxy to double the authorized shares could exert some bearish pressure. Probably will, although only about half of the current shares authorized are actually issued and outstanding.
Having this increase this year suggests CUR anticipates significant fund raising. This adds a bit to my cautious outlook. I'll be interested to hear the opinions of this boards' DD experts on this.
