Replies to post #129290 on NanoViricides Inc. (NNVC)

[Its_lose_not_loose]

ARE YOU REFERRING TO THAT THREE DAY STRETCH WHERE THE STOCK WENT UP?

Is that the short term uptrend you're talking about. And you figure it's over because the price fell for a day or two?

Thanks for the insightful insight.

SHORT-TERM UPTREND IS DONE

[bloomvest]

But Seymour said they'll have billion dollar drugs developed in weeks?

SHORT-TERM UPTREND IS DONE

Today's close under the the price level I specified (1.18) indicates the uptrend has failed.


The bull's last hope is support between 1.05 and 1.00. If and when that fails the long-term downside target for year 2017 is 40-65 cents as the likely range. Worst case 25 cents.

1.00 has been a very strong support level since the fall of 2007. The longer a support level has been in existence and the more times it has been tested successfully the greater its importance.

If and when the 1.00 level fails it is a bearish signal of the utmost technical significance and would suggest that the market has concluded that it is just a matter of time before corporate failure.

Trendliner

[NewMoney]

SHORT-TERM UPTREND IS DONE

As called.