NanoViricides Inc. (NNVC)

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TEMPORARY EQUILIBRIUM: BEARISH FLAG

For the past 5 days, the stock has stabilized in a 10 cent range 48 to 58 cents. The pattern is distinctly bearish, an upward tiling flag. Such patterns typically resolve within 10 days. I expect this one to resolve to the downside establishing a new 10 cent price ledge whose lower bound will extend below 40 cents.

There is nothing to motivate new buyers and much to motivate existing holders to sell. Gradually they will.

Neither of my two brokers will entertain orders to initiate new short positions of any size. One put the limit at 500 shares the other at 200, both on poor terms.

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