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Friday, July 11, 2014 7:55:17 PM
I think a simple analysis of what you see in this chart is enough to get a good idea of what might happen, what needs to happen, for a real recovery in share price....
The 20 ma is here at the 8-9 cent area, reacted as resistance top today. the 20 ma is a classic and important resistance marker in any down wave. But this giant surge from the bottom today is an amazing day for any stock ,let alone the 'dead dog' ISCO.
So ISCO shows some signs of technical life jumping off the bottom.
a good day that Must have strong follow up in another rally that has to target and hit the 13 cent area, where the 50 ma AND the Bollinger top band is at. This price point will be Very hard resistance to deal with, and I would expect hard selling effort from sellers and short attackers. I see that as the next slam down zone on this chart.
Its not a bad sign to see price get sold hard at 13 cent zone ,what becomes a problem is IF the pullback from 13 Fails to Hold as support at 8-9 cent area. The 20 ma Has to become a support zone and start turning upward at some point.
The stair steps of a rally now for ISCO are easy to see in this chart, marked by the moving averages, and support/resistance levels.
Its great to see what looks like a bottom at 5 cents and a great rally surge to 9 cents in one day. but this is just the beginning if ISCO is going to recover.
Next comes 13 cents, then 8-9 needs support to hold. after that ...14-18 is resistance zone, where I'd expect to see selling start all over again.
ISCO has to climb a giant mountain, just to get back to 18 cents.
but it took a giant step today. Is it going to be real or was this some kind of game that caused this pop.
http://stockcharts.com/c-sc/sc?s=ISCO&p=D&b=5&g=0&i=p94810656813&r=1405122866194
Recent ISCO News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:05:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/14/2024 08:00:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:00:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 06:18:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/08/2023 06:17:20 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 09/27/2023 04:27:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2023 12:01:30 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 06:20:54 PM
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