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Oxygen Biotherapeutics, Inc. Message Board

  • jhy642 jhy642 Dec 21, 2013 4:21 AM Flag

    Good News For Positive Traders and Chartists

    We have a very Bullish candle from yesterday, expecting a follow through on Monday. I'll take a stock that jumps 30% one day and only sells on 6% the next day.

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    • Typically I would agree with you. However this stock is still in a down trend and still hasn't made a bottom. There were 2 previous bullish engulfing candles the have failed. This stock pops on good news and heavy volume for a short time and then sells off on low volume for days if not weeks. The bottom wasn't in when the last press release came out so it will likely be retested. First stop 50 day ma $ 4.60, then $ 4.20 and then $ 3.50 200 day ma. Without any meaningful news this stock is still searching for a bottom. Lot's of time left to start a position. The only caveat would be positive FDA news on Oxycyte. According to the last update they are still completing the pre-clinical trials so I wouldn't hold my breath on the hold being lifted anytime soon.

    • Dude, it went up only 19% after falling mid day from $5.85. The market was +1% GREEN ALL day. Out of the 40 stocks I followed, only OXBT was in the red and all others were GREEN.

      Whatever you are smoking, we want some of that. Get real.

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