Wednesday, November 11, 2015 5:42:37 PM
I think that looks like the demarcation line that defines a bullish orientation versus bearish. IF it falls lower,and retests the lower bottom targets,I will feel more bearish and will have that mind to sell and say goodbye to PVCT when it rallies back into no mans land around 53 or whatever. 50 cets.55 cents.doesnt matter.
Wallowing around the 30's would not give any reason to feel positive about the price action. If its waiting for some developing news, and that news is months away....then the price action is Wallowing at a bottom zone. and not something I need .If good news is many months away...theres no reason to own it now and watch it fall from 60 to 50 to 40 to 30 .My Faith based position is that IF this latest rally is going to show some bullish strength ,in the face of waiting for news, it needs to hold strong here at 43. 40 at worst. and Thats all there is to it.
IF it falls below 40 I will sell when it gets back to the 53 resistance zone and be done with it for a while.
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