Seneca Biopharma Inc fka SNCA

[Citrati]

bullrider....this is a fast chart, very quick moving indicators. http://scharts.co/1lfWZFK

What it shows. Close right on bb midline. ADX up cross but black trendline has not confirmed. MACD improvement. Very nice volume return. BB's not turned down, so not a longer term downtrend being confirmed yet. 3ema could turn back over 20day and the 10ema with a positive close monday. Everything fast is saying better than 50-50 up but unconfirmed.
Don't want to see 3.68-3.72 tested again. Most preferable we don't penetrate the bottom of fridays candle at 3.80. A close between 3.88 and the 10 day would be nice. A close above the 10day 3.96 would give us 1 confirmation to a change to up trend. Then Tuesday would act (if up again) as final confirmation, which would get the black adx to show a trend change and the MACD to be crossing up. If one is conservative a close above 4.10 before adding. Also, conservative would be waiting to see if 3.50 gets tested again.
For it to turn turn 100% all go we need to close above Fridays high on continuation. Then push the top bb upward and work on previous high.
Our channel of preference is 3.80 to 4.10 and positive closes. Less preferred any red close or test of anything below 3.80 as that would put 3.68 and 3.50 back in play...

Hope these opinions were what you were asking. Pointing out possibilities not specific advice for trading purposes.... CUR