My understanding is that E/R comes out on 4/28.....Mon.
I would not be surprised to see mgmt say that Ganetespib is much further along in clinical trials than when we were last informed of it's progress.
SNTA has actually broken out of it's down trend twice but keeps retesting the lows....making it look as though it is still in a downtrend.Positive news would send shorts scrambling.
I believe news will be positive rather than neutral to bad and the price starts running this week if etrade is accurate on 4/28 E/R.
I have never seen a stock break out like SNTA has and it be not noticeable.
IMO,it is primed,pumped and ready to run
It appears there is a lot of discrepancies as to when they will report. Yahoo has it as the 28th to may 2nd and earnings whisper doesn't have it until June...
I agree with your analysis though. It is really testing the new found support. Hopefully it holds. It is at quite the juncture. This can either run up good or really turn to the downside. It came back to close the gap while going down along the support trend line. There is also slight positive divergence starting to show on the weekly chart, giving some optimism. News can change everything. I would have to think things would change if the week closes above around ~4.25