10ma will have to cross 200ma and when it does stock will be under 7 unless today would be very strong rebound and so far it is not happening yet. Deep in territory where it is hard to bounce back without some great news, because only hopes or believes won't help.
I wish I could cover and go long and I most likely will at some point but so far all indicators are bearish pointing for more downside in days ahead.
The chart is broken and it will be tough for the stock make fast recovery at point.
good points. Its just a matter of how much further you think it will drop and the difference between that and the amount it will pop on good news. I think upside pop is much greater than downside now. The lower it goes the less benefit and more risk you assume. Good luck
WE have two small catalysts coming up, in addition to any major ones that could potentially happen. But the TWO we KNOW will come up: 1- Acceptance of NDA from FDA. This is imminent. 2- the conference call for financial results. Both events should give some positive relief.