Rebus Holdings Inc (RBSH)

[123tom]

yes, that little/big plunge to 24....it looks like that happened on low volume too. like the MM just running stops or whatever.very low volume wasnt it?

When I did the more complex chart a few weeks ago, when GNSZ was hanging around 50 cents.... and showing some weakness, the chart was showing the mathematic technical target bottom area around 35 cents. On some technical level the 35 cent area,might be the real balance bottom zone. and after that quick plunge to 24 it found its first bounce Base at 28 cents.and returned to 34.



so maybe now the 30-35 cent zone will develop as a bottom. For me, as a failed trade, I'm just waiting to see it rally back to the first major resistance zone, around 55-60 cents, where I will sell and break even. and then restart the trade investment that way,if at all.

The chart dynamics from a few months ago that made the trade look good at 64 cents....that rallied to 95 and then collapsed to this bottom zone....the chart doesnt look the same now. its been shattered and needs to restart . It would be great to make a first entry here at 30 cents, and those folks who buy here at 30 cents will get a nice double to 60 resistance before its finished. thats where this next trade might be heading. But for me it means break even on a trade I already bought too much along the way down,and now have to repair that damage and break even and maybe move on, unless someone can show me that this is a great biotech fundamental long term investment to hold on to.
the money would be better put into AVXLD or maybe even GALT or PVCT. or just keep it in cash for dry powder.

But as far as trades go, this 30 cent bottom could become an easy double if traders make it so.