TECHNICAL ANALYSIS

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NNVC

NNVC ( Nanoviricides) is a stock is a clear downward trend. I had been posting TA analysis on another board but the audience was not receptive to TA analysis. So I would like to post here about this stock and others that I follow.

I have also been tracking the XRT ( Spyder Retail ETF). It is bullish both on an absolute and relative strength basis. The point and figure chart of the XRT/SPY is strong. For P&F charting I prefer the dynamic scaling feature offered on stockcharts.com. I typically use 20 Day Average True Range as the scaling factor which is the default value.

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