Cel Sci Corporation (CVM)

[sab63090]

Although I distrust option expiration week:

We do have a potential nice set up for a sharp reversal now.

Should we be able to launch a run above $22.50 it would cause some shorts to cover or at least have covered option writers ON ALERT, those using June options.

I checked the P&F counts and the upside price objective remains 38, using the 6 box across "20", i.e. 6x3 = 18 plus 20 = 38 objective.

The stock would need to break below 18.50 to cancel that out on the point & figure chart...and I have mentioned that there was a minor double bottom on the bar charts between 18.50 to 18.70...

A break above 28 would reinforce/confirm the P&F price objective.

I'm sticking with the bar charts for now and would like to see a move 1st above $25, then $27.50....with volume.

Best of luck to the longs.....