Organovo Holdings, Inc. (ONVO)

[reasondeep]

May be likely we will see more of the continued drop to test support levels [one critical support level is at the beginning of the large gap up]. Stating the worst case downside here. The next case downside is a drop down towards $4.14 before a reversal occurs. The last downward move that took place has a wave structure that shows pretty strong shaking out of weak hands.

Overall, this is short-term noise, I still believe the larger, overall trend has reversed from sideways to positive, so if a deep retracement occurs towards the beginning of this most recent rally, it should be done and over with quick. A retracement certainly should not pass forcefully through the gap - that'd be bad, however I see no reason for that to occur right now, everything is still looking ace, IMO.