NanoViricides Inc. (NNVC)

[I Need Help]

Thinking out loud:

I'm still thinking the most likely scenario will be higher lows and higher highs.

Last short term low was $3.82. Going to start getting support at $3.98. So, a guess, bottom between $3.82 and $3.98.

Assuming no news and normal technical correction.

Price falling on light volume. As price increases are not confirmed without volume, so too decreases. Meaning--price likely to recover rapidly, once a bottom is in place.

Bottom probably in from 1 to 3 sessions.

Decent volume would likely speed things up. Really large volume, and I would start wondering about news; but, very unlikely--especially with yesterday's volume.

I'll continue to monitor for myself. Would prefer to trade with a little confirmation. Just like top is tested a few times; likely, same will be true of bottom.

Reversal likely will be due to oversold condition, bargain hunting (including institutions), technical trading, and shorts covering (profit taking for them).

I think there are lots of reasons for NNVC not to sell off too sharply. Especially, improving news fundamentals and institutional ownership.