Amarantus Bioscience Holdings Inc (AMBS)

[joboggi]

http://stockcharts.com/h-sc/ui?s=AMBS&p=D&yr=0&mn=1&dy=0&id=p17439596724

So, first of all, there was no hammer as you can see from the chart. Secondly, the volume was declining as the pps went up, and thirdly and most importantly, in the face of resistance today's pps is trading within the range of yesterday's price action. This tends to indicate a reversal of the short term trend.

Certainly it is early in the day, however, the pps needs to go higher in order to forestall a negative technical pattern, indicating an upcoming retest of the .067 level.

So, higher today is good, lower today and there is a probable retest.