watch out - 6.8-7 would be huge resistance
Why? IT really does not matter if it goes to 3 if you are long. Youll get better sleep if it stays above 7, but ultimately the drug works and partners are announced and FDA approves or those things dont happen.
its about your buy point... If drops below 6.7 close price lot of overhead resistance since no near term catalyst as well.
A lot of retailers are confused at the moment due to CC... all is good. THe MM's wants you to feel empty so you'll unload your shares to them. RESIST ...