Pluristem Therapeutics Inc (PSTI)

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Bounced off my target set awhile ago at $1.10

A brilliant summation of the painfully obvious! Thanks so much.

hopester
Thursday, 10/25/18 05:19:07 PM
Re: None
0
Post # of 17429

Bounced off my target set awhile ago at $1.10. Stock is way oversold and a bounce could occur at any time. Short lived however if it does occur at all. Stocks have a tendency to become more oversold than expected. Should that occur, a more impressive bounce will occur.
However once it breaches ( and it might) $1.10, the next downside stop would be $1.00 ( likely ) where Jan '17 support come in. Notice at Jan.'17 heavy volume gap down day which appeared to be capitulation occurred.
That, should hold and from there a good move up can begin. ( NO Gurantees.... just chart observations.
I'll give you an update on my views as the trading and days develop.