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Thursday, May 23, 2019 2:58:54 PM
Yeah....now draw a line that shows the higher lows in latest days/weeks on right hand side of graph, and see that wedge that is forming...that is the 8th argument IMO. Some volume( like we have seen before) last fall will enable share price to escape the trap you have laid with points 1-7 of your arguments. That volume---today, or how about tomorrow or Tuesday?
Do you see any "higher lows" in the latest days/weeks (arrows indicate lower highs (black) and lower lows (red))?
How will some volume enable price to escape the trap I've laid with points 1-7? What trap? What do you mean?
You can see from this chart that significant technical damage occurred when the red horizontal support line was violated. That the area above that previous support cannot be regained as we lead up to the FDA decision is ominous. As you know, each tick makes a price bar, etc. The combined consensus value does not project a bullish outcome with regards to the FDA decision (PR vs SR). Would you agree (based on this objective TA evidence)?
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