Avid Bioservices Inc (CDMO)

[senrex]

Some do not think that charts mean much on small cap biotech like PPHM. I've found that perusing such information braces me for possible bad news (hopefully short term). So I offer the following for those who might be interested (especially since we're expecting a good size move due to the tight Bollinger Bands which lie within the Keltner Channel).

The "good news" is that short term charts are oversold.

http://tinyurl.com/bg9axdk

The "bad news" above is that indicators have deteriorated and unless the 200 SMA holds on the 60 minute chart, we're likely to see the $1.20s again.

More long term on the Weekly chart: http://tinyurl.com/aaq6usy

(1) There is still room to the downside within the RSI and UO Bollingers

(2)The 10 SMA has crossed under the the 20 SMA which one can see has not usually boded well for PPHM price.

(3) I noticed that the Weekly SAR is $1.22

On the Daily chart, everything is moving in the wrong direction:

http://tinyurl.com/bhgcjv5

Good news can change everything, but if there's a general market sell-off coming, it may be the catalyst for a bit of a tumble here.