Avid Bioservices Inc (CDMO)

[senrex]

Thanks, volgoat, for your thoughtful response -- and thanks to all others who responded as well.

Both volgoat and swg_tdr are much better at TA and charts than I'll ever be, and I post the following picture for their perusal. From what I see, the chart indicates a serious breakdown from a nearly year long symmetrical triangle (which we hopeaholics pray is a false breakdown); it also indicates that two of my favorite indicators have a positive divergence. On the other hand, there's been a bearish crossover of the 13/50 MA (which history shows is to be avoided!).

At any rate, price must get back within that triangle or else...VERY bad:

http://tinyurl.com/nhcm92r