An update see daily current chart. We now have a gravestone doji...

An update see daily current chart. We now have a gravestone doji on Wednesday followed by 2 spinning tops om Thursday and Friday. All denote indecision so it could go either way from here but 90 cents looks to be building as support. Usually strings of short bodied candlesticks tend to show that pressure is building.

The buyers and sellers mostly robots seem to dancing around the 90 cent level as you can see from the chart where 90 has history both as support and resistance. The break back above then resistance at 90 on the big up day on October 21st on high vloume was followed by a pullback to 90 cents over the past week or so. This is classic beaviour demonstrating that there is a range of buyers and sellers hitting head on at 90 cents.

When the situation is finely balanced like this in a congested area it doesn't take much to tilt the momentum in either direction. I am hoping that the increasing bullish behaviour of the overalll market will start spreading to the mostly under supported as yet smaller caps and we will see more buyers attracted to stocks like DNA. It will only take a marginal increase in buying support to get DNA tilted to the upside right now.

There is still a very large overhang of short interest which will add the necessary momentum once the price starts to move.

The situation is very finely balanced right now.

Daily Chart