Replies to post #899 on Organovo Holdings, Inc. (ONVO)

[reasondeep]

For now that dip to me confirmed something I suspected awhile back for a few moments but did not have enough evidence at the time to justify it. You can see the recent drop fits into a diagonal expanding triangle formation.

These are rare patterns as well but they are very bullish. Before I hold myself to that I'll need to look more at the internals of the pattern. Sometimes the conclusions of these sorts of triangles break below the support line before beginning the bullish run. I imagine if we continue moving down today that is likely what is forming.

Also need to review some Elliott wave literature about this. Shall update with more information when I have a better idea.

[reasondeep]

Also FWIW, I really don't pay mind to such 'news' articles. Often times there is really great information for knowledge sake but in my experience it doesn't influence pattern formation in anyway. I also don't think big investors pay mind to SA articles either. Just my opinion.