OncoSec Medical Inc (ONCSQ)

[123tom]

ok, well, digesting what folks have said here....

I rely on the understanding of others for fundamental analysis, so the posts of Dr Lowenstein were good to read, and from others, about the studies, thats the fundamental data I dont understand.... I appreciate what Wait for it said.... thats what I'm doing too.

as for the technical picture.... it hasnt changed the picture, even though we saw a plunge to a key support in one fell swoop, that is scary , but the target price is ok. even if we see more ups and downs, zig zagging between 59 and 49 thats ok , in my view... but it really is important to know the truth of the fundamental story...thats the mystery that needs to become clear.
price moving in technical trading patterns, based on no news, can easily fall and slide back to the 41/45 zone, or retest the 38 bottom.I think I said in past posts there are many technical aspects to the chart that show a Range Pattern possibly developing.... while the fundamentals remain unannounced, or ambiguous, or in development... a Range pattern can develop.... nothing wrong with it, except it means you buy 40 and sell 65 and buy 40 and sell 70 , and do nothing in the middle .

I didnt sell any at 65 this time...but if it falls to 41 again and I buy more shares (which I dont need) then I might sell those trading shares , around 70 if the same situation exists again.... its like this teasing frustrating game of mystery....

but the 41/38/36 bottom still looks ok.... my past posts described the negative trading pattern that I didnt want to see....and just to be cautious here.... it would be developing IF we see a bounce back to 59-62 area (Failing at the 200ma), and Fall down again, next time, lower, and hitting the 48/45 area, and progressively stepping down the price points to hit that Bottom zone again.... it starts to develop that Range Pattern more and more. After that it becomes a nervous time hoping that ONCS rallies all the way back to 65-70 area....and doesnt Fail around key moving average like 50 cents, acting as a great barrier.... you can look at the chart and envision how this pattern can play out. it would mean Price needs to break strong thru 50 cents, and then hold support strong at 45 area...battle it out around 50 and rally higher....just like it did the last few weeks...has to do that all over again. IF the bottom zones around 40 cents gets tested some day.

its like describing a new picture. that would be a little different than the current picture.

But it hasnt happened yet. just something to watch for. I feel very clear minded as I describe all this, because the price action for ONCS has been playing out in technical patterns very constantly for a long time now.... and so when you describe the technical picture its easy to see. its like color by numbers.

So right now, like Wait for it said.... dont worry about the scary plunge to 53.... the support zone is a big zone 53 cents is really the first key support point. maybe 54ish/55ish, but really its 53. the next one is 48-50 area, then 45/43/41/38.... those become much more important. and even those are ok if they get hit.
we would just need to see strong buying step in at 41.

There's nothing wrong with a Range Pattern to trade. if it comes to that. over the coming weeks and months....

we just dont want to hear about any serious fundamental failures.

http://stockcharts.com/c-sc/sc?s=ONCS&p=D&b=5&g=0&i=p53949876425&r=1417752615778