Strictly IMOOC since this scenario can completely reverse based on external factors, ie Trial data, FDA inaction etc.
We are in good stead because currently we are seeing a slight uptrend in the A/D line along with a stagnant--downtrend in the PPS.
Bullish Signals
When the price of a security is moving downward or is in a downtrend, but A/D line trends upward. This divergence signals increased buying pressure, which can indicate weakening seller strength. It is usually followed by a change in the trend of the security from downward to upward.
Bullish
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