Theriva Biologics Inc (TOVX)

[123tom]

Another look at SYN now....


There was a decent looking rally, but it got stopped at 1.05. In Elliott wave and Fibonacci math,that was a good "wave 3" target zone, not a completed 'Wave 5' target. but the pullback got taken down too far for a 'wave 4' which turned back down and became a "wave 2" and now if the 67 support fails we could be looking at targets in the 50's. a better bargain to buy but not a better bullish pattern. it might take away some of the rally momentum to see this kind of sell off. it would be showing no good follow thru at 80 cent and 70 cent support when it had the chance in recent weeks. This price action looks almost identical to IPIX.




.......................................................................