Lexaria Bioscience Corp (LEXX)

[corky2]

Looks like it's trying to fill the gap created by the news last week. I think that's around 1.26-1.27. Also don't forget all the technical barriers Knife pointed out between 1.50 and 1.70 as well. Not to mention testing the old 1.00 resistance to confirm that as support and finally kiss it good-bye. He's been spot on lately with analysis. I think everybody thought (hoped) it would run after the Altria news, but that news as positive as it was, wasn't enough to get the stock through strong resistance. Probably the most productive thing now from a technical standpoint would be to fall back to around a dollar to validate that support and emerge technically stronger with more energy for the inevitable move (run) higher.