Friday was a "Signal Top" on PVCT: opens higher and actually closes lower against the 9/07 high of 3.07, ir double top
THE SITUATION HAS CHANGED OVERNIGHT AS HAS MADE A NEW LOW....
there angles at 2.82 and 304 that are resistance to price
2.535 is a very critical area for the stock..
2.59 is the 50% level of Thursday's bar and closed on it
there was volume signature to the move
he has a close and a top at 2.50, so we are wedged
swing overlay said 2.79 as top, so we had momentum, or lost motion, carry it higher
3 rotations up from .43 in 15 months: Rule of 3 and square out..
7 SQUARES OF LOW IS 3.01 AND WE KNOW 7 IS A FATAL NUMBER IN THE STOCK MARKET
EASY MONEY HAS BEEN MADE
many highs in history made in January
he needs to close at new highs, that is key
expect distribution on side now, a break of which should be sold, if u did not sell the top reversal: I DID
2.35, 2.01 and 1.71 key zones..
STOP BY, SIGN UP FREE
If AA, then the pr will be so subdued as to barely acknowledge the meeting. Catch 22 for FDA....if AA then a whole bunch of pharmas going to be up in arms even though there is a precedent.....ummmm....just saying.
If BTD or SPA or PIII or blah blah blah.....then the PR will read like an exciting Tom Clancy novel.
I've always thought charts represent mass behavior on a stock
I have also thought that chart readers fulfill their own predictions by reacting to the signals they see
As more and more day traders enter in this stock without really caring about the story of the drug
The more these charts will predict their behavior
As a long and a believer in the company I care not in any chart because I'm not day trading
I'm here to the end game