Pluristem Therapeutics Inc (PSTI)

[hopester]

3 Month chart with indicators.
It was an impressive day for PSTI stock. Running up to $3.99 after successfully testing $3.53 the target range I set. Did it 5 X in the last month and as the "cup pattern formed" investors began to take note and the resolution was clearly to the upside closing at $3.86... a solid reversal.. So now what? Recall several weeks ago I had mentioned that the stock has to hold above $4.00 ( which had some support) and a breakdown below it would take the stock to the $3.50-3.00 area. It did just that. Now what was support at $4.00 then becomes resistance now. And not surprising it ran into it today. I'd expect effort an effort to break through this level but not before it offers some resistance to do so. So to give back some of todays ( not much) gain and not initially getting above $4.00 is my expectation.
Because of improving indicators I believe the stock will break through $4.00 on the upside and move higher in the short term.
Indicators- 50 day SMA- Stock has moved above it for the 1st time in many many months and now rests right on it. POSITIVE
MACD- Slightly positive now after months of negative
Relative Strenght- Now above the positive line.
Bollinger Bands- Challenging the upper band now as the Bands converge.POSITIVE.
Volume- Impressive especially considering the small Float.
Technically there has been improvement. There's more work to be done before a another leg up begins.
Should there be any release of good news ( Which the Market may be detecting to come) my expectations will be modest compared to where on the upside the sh px will go.

Give it up EICH.
With Scotty999 having no opportunity to say anything negative today ( although he may still be working on it), he expectedly is quiet TAKE NOTE in your book of posts
and when you report on it don't distort it, take words out of context, and mis-inform readers.



http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=psti&x=30&y=5&time=6&startdate=1%2F4%2F1999&enddate=10%2F21%2F2019&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=1&maval=50&uf=8&lf=4&lf2=2&lf3=256&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10