Replies to post #43998 on Avid Bioservices Inc (CDMO)

[geocappy1]

Amen Sixosix. We should know soon if we are going to rebound or just how bad it is going to get.

Our high volume back in May started when we started the day at .52 (2.60) and closed the day at .60 (3.00) on higher volume. That started a stretch of high volume days where closing prices ranged between 3.00 and 4.85.

So far our move down to 2.76 has been on relatively low volume in comparison to that high volume movement.

My guess is that if volume picks up and breaks below .52 (2.60) we are in big trouble, otherwise we should see a rebound. I am not a expert technician but maybe someone who is better at it can comment