Enteromedics Inc (ETRM)

[Citrati]

I would describe it this way. Just IMO.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=etrm&x=40&y=12&time=18&startdate=1%2F4%2F1999&enddate=11%2F15%2F2016&freq=9&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=4&maval=390%2C200%2C100&uf=32&lf=268435456&lf2=2&lf3=0&type=4&style=380&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
The gap closed on Tues.
Today tests that low for a potential double bottom and test of last Wed support zone.
By staying above now it confirms a very nice 10day support zone from 7.20-7.35.
Shaping up nicely.
http://stockcharts.com/h-sc/ui?s=ETRM&p=D&yr=0&mn=3&dy=0&id=p04507702943
Pinching bb's add to the positive picture.
http://www.stockcharts.com/h-sc/ui?s=ETRM&p=D&yr=0&mn=6&dy=0&id=p58776407632
We are just waiting for the VbP support/resistance zone (longest bar) to become support and then "walla, yoooohoo" breakout......that is the highly optimistic view.
All just one opinion of ink blots.
News can change everything.
Green trades