Nice commentary ,JD. Thanks for that. It will help me to rethink the technical price action.
Fundamental drivers will take over at some point. Higher support levels may hold stronger in the future pullbacks.
I might of should have read everyones posts before I make my mind up about the technical chart. When the fundamental news starts to take over, its important to factor it in to any chart work...As this rally from the 36 bottom zone has gotten this far...the 58-68 area is a topping zone for this First wave. and a pullback to retest the 56-46 area,where the key moving averages are.... would be the norm. but to see ONCS second from the top of that list, and the key fundamental news, the Merck approval, etc.... its more unlikely to see the lowest pullback targets like 43, more risky to wait for those levels. There is a Left Shoulder support zone at 58-53 area as the central support zone now. Maybe the zone is 58-48 for a pullback. I like the 50 moving average.as a target
Then a Big Rally wave.would fit the technical pattern well.