Saturday, March 11, 2017 12:34:28 PM
25 day chart reflects increased institutional ownership on the FTR during third quarter while the stock was held down for tax loss selling. I expect that this has continued during the first quarter 2017.
http://www.nasdaq.com/symbol/ttph/institutional-holdings/increased#ixzz4b2O0rqN3
ADX about to go positive on the 25 day. MACD bullish, OBV has barely returned to positive status, more to come, IMO.
Could move quickly into the $9-$12 trading range shown on the three day chart in late 2015. VBP shows resistance there but a break of that trading range would be significant.
One day chart shows false recovery in April/May 2016 - lost money there... Now I'm thinking that 50/200 moving averages must converge, OBV and ADX must show strenghth before true recovery. Note that while OBV and ADX were positive spring 2016, OBV is trending consistently and cautiously upward since 4th quarter 2016 and both ADX moves (4th & current) were stronger than the false recovery. I have been in and out of the stock, sometimes winning and sometimes losing, but I intend to hold current shares until we approach the $10-12 VBP resistance mentioned before but clear on this chart.
All of this is contitional on timing of news, of course.
In Peace, In War
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