They are deverging.
On one hand we are waiting for an upward move with the approaching approval date.
From the technical side if you go back to last year and the trading pattern of Antares, precisely at this PPS the stock took off to $5.58.
Is this the perfect storm?
I believe that this is a very good time to purchase stock.
Sentiment: Strong Buy
The PPS was at $3.98 10 days ago!
Technicals say $5.58, likely hood of approval is about 90%, because the technical doesn't know approval is coming. I am betting big time on this. Hopefully this will be trading between 6.50 to 7.50 after the approval.
Just curious, How do you come up with '90%'?
sheet, wtfdik, I'm a VRNG big bag holder (my new line)
Is deverging the same as diverging?
zzzzzzzzzz - Wake me up when the storm hits.