Fibrocell Science Inc (FCSC)

[THREE-DAY-TRADER]

It was 'Basing' as of yesterday from 2.13 prior support which had lasted about a week--- when I made the post.
It was on July 26 showing great signs with a nice green candlestick trading up toward 2.33 along with the standpoint of an entry under 2.20, so one can't fault me for pointing out that it looked like FCSC was in early stage of turning back upward yesterday.
Of course though after witnessing it break down some more today to 2.05 as the latest new low, one has to re-assess & wait to see yet what happens with an objective open mind.

In the short term this can still be close to being ready for a trade higher (despite a longer term down trend which is common for these types of stocks). Again, we'll wait and see what develops.

Below is a July 26 after market close quote from AmericanBulls.com which substantiates the premise I made July 26 as a reasonable speculation.
I made my post hours before their website later in the evening updated to post below the Buy signal generated from their computerized candlestick analysis.
Also note that I'm only using them below as an example to support what I stated regarding technicals as a reasonable assertion on July 26 & that I'm not abdicating that the website below is the ultimate barometer to follow in general or anything.

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$FCSC {Quoted from AmericanBulls.com}:
Signal Update:
July 26, 2018
Our system’s recommendation today is to BUY. The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 2.2050, and our valid average buying price stands now at 2.2100.

Last Pattern:BULLISH HARAMI CROSS
Pattern Description This is a major bullish reversal pattern, which is even more significant than a regular Bullish Harami. The outline again looks like a pregnant woman, as with the Bullish Harami Pattern.