Replies to post #92413 on Avid Bioservices Inc (CDMO)

[jonnyrocket]

Notuncoolish,

I definitely need to see more....so far it is a bull flag like you say...but I would not be surprised to see a 2 - 3 day rush down to 2.75 - 3.25 before more consolidation and then much higher prices this Fall/Winter. It's actually held up better than I expected yesterday/today. so it has the chance at holding here too - so really could go either way...definitely need to see a little bit more...if we start to break below 3.70 - 3.80 then I would say 2.75 - 3.25 is coming. Tough one...coin toss in the short term.

[pacemakernj]

Notuncoolish, we are forming a descending triangle. Go to investopedia.com and plug in descending triangles you'll see what I mean. This is a bearish formation and why JR said we need to hold these levels. As he said if we crack the key support levels PPHM will run down very fast.

Pacemaker