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Organovo Holdings, Inc. Message Board

  • end2war end2war Mar 18, 2013 8:58 AM Flag

    Will be watching key resistance today at $4.14 and $4.38

    A lot happening, I think the quarterly report is a mild positive, but not a driving force for up momentum.. We will have to see if there is follow through up-side momentum today.

    If so, I think the next key resistance will be at $4.38, which would put ONVO nicely back over its 50 day MA at $4.13 where their should be minor resistance... One key metric to watch is volume, which needs to grow well above 1 MM shares traded for full momentum to kick in, IMO

    Good luck to the longs.

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    • Excellent Analysis! I have been in and out of ONVO for more than 6 months and you are 100% correct. We should see around $5.00 mark within 4-6 weeks. Thats my opinion. Good Job guys!

    • Good point. If we see 1mil+ in volume, it will be without the warrants thus indicating fresh $$$ coming in. I saw the same thing you did with resistance at $4.38-4.50.

      This is a long term investment but with such wild swings in the stock price, it can turn into a good middle term buy get in and out at the right time.

      Easier said.........than done.

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