Avid Bioservices Inc (CDMO)

[ElSid18]

Mixed signals abound : we are oversold stochastically and more so
in the weekly chart than the daily (that is weird): we have the
Bollinger Bands squeezed tight which portends a sizeable move in
the price coming soon (direction is not predicted)...and yet, the
After Hours block trades are always lower than the previous day's close, which tells me they are sell orders waiting to be filled by
the sleepy MM's who spend the whole day collecting loose stock to
get a fill....volume is horrendously slow and tax selling season is
creeping up slowly...those people will need to sell their losses
to use the wash rule by end of year....All in all, I don't like
the pattern shaping up...someone is putting their finger on the scale
every day and that suggests to me the Co. is in a no-news cycle...

GLTA...............I would be the happiest pessimist if we hit $10.00
and not go lower...........................