LWLG chart is leaning heavily toward a breakdown occurring. For the past 16 months, the stock has been down to the 4.00 level 7 times (at 3.91, at 3.94. at 3.88. at 3.79, at 3.82, at 3.92 and last week at 3.87) and anything more than 2 lows around the same lows (a double bottom) are usually broken as multiple bottoms rarely hold up. In addition and since September, the stock has been below the 200-week MA (a bearish trend) and after the first break of the line, the line was tested successfully in December and has been in a downtrend since then, having made two lower ""highs" during the past 2 months. In April 2021, the stock started trading at 1.75 and there is no support built (open air) down to that level if these lows mentioned above get broken. This means that the computers and algorithms will be sellers and they are 70% of all the trading in any stock. That is difficult to overcome unless some tangible positive news comes out. As long as no new news comes out, the stock will continue to trade based on charts and the charts say the probabilities favor a breakdown. Good luck to all of you. I have no positions in the stock. This in an impartial chart reading of the chart of the stock
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