Technically the MACD is pointing to a lower price, somewhere I guess to be near the 50 day moving average of $1.82 but it could approach the 200 week at $1.54 at worst. The 50 week is turning up toward the 200 week...these are all long term evidences I follow and the cross could occur near the release of the peer reviewed data if it is released. The 10 or 15 minute charts? Good luck.
That said I have not seen much from the big tobacco folks who must be working like mad to head off the FDA proposal. I assume the FDA is preparing a release to clarify and put their comments two weeks ago in a form which will dictate to process. The horse is out of the barn so to speak and I doubt they will not continue to press for a lower nicotine content. There are a lot of unknowns here and I expect some clarification sooner than later.
A scary drop in the price will be a huge opportunity at any rate.
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