2DA Blade & all, We have good support from $3 and up... many of the larger moving avgs are below the current price (50/100/200 MAs). Without news, we will just be hanging around these levels... look for $3.75 and $3.85 to break. If we break $3 we might be in trouble. However, the daily and weekly charts are still in a marjor bullish trend. The last few days money flowing out of Bios... (you can thank ARNA) and into SILVER and other hot sectors. Not to worry. It was only 1 million shares (1%) of ARIA, so nothing panic over. The market is pointing UP today and ARIA premarket is UP to $3.50... not bad!
There is a possibility the weekly chart COULD form a SYMETRICAL TRIANGLE, which just means another 2 or 3 months of boring movements. This would also create a larger base for ARIA to MOVE from (the larger the BASE the larger the MOVE) I expect ARIA to have more news (as they told investors) a lot of data is coming out 2H 2010. So far we got a new drug and trial. We are still waiting for the big RIDA news tho.
Bottom Line: CEO dr. HB phd. STILL OWNS tons of shares so I doubt he will DILUTE and I doubt he will deliver anything but GOOD NEWS to INVESTORS & more importantly....HIS PATIENTS