Replies to post #7353 on Theriva Biologics Inc (TOVX)

[Citrati]

Good Question.
I think it is getting picked on because of low cash perception and catalysts coming later.



As long as closing prices remain at or above April 5 low (.52) I think these are just tests and the pole downs don't bother me. The adx at 4.01 just can't last with the macd now rising and rsi bottomed in extreme oversold. Barring negative news I think there is a strong case for bottom here.
Take same chart and add CMF and AD. Very nice subtle buying going on. Making a strong case here for bullish.....That said, I want price to hold .50.

Just my opinion and my up bias may be blinding my eyes....That CMF particularly has me twitchy. ;-)

[porgyrusty]

Wow, what a POS this has turned out to be. Incredibly oversold.