This week we have seen dramas performed on some bio stocks...

This week we have seen dramas performed on some bio stocks including ANP. This is My  rough thoughts of what happened and could happen in the  near future:

[Price retracements]

1. High - Low  =  9.4-1.7 = 7.7

2. Fib 0.618 from High

 = Fib 0.382 from Low                 

 = 4.65 = 9.4-0.618x7.7

3. Fib 0.618 from Low

  = Fib 0.382 from High

  = 6.45 =1.7+0.618x7.7

4. Wave 2 First Dip End   

  = Fib 0.618 from High    

  = Fib 0.382 from Low      

  = 4.65 (4.7 in fact)

5. Wave 2 First Bounce End    

  = Fib 0.618 from Low    

  = Fib 0.382 from High    

  = 6.45 (6.1 in fact)

6. Then down back to 4.7 again (attempted twice)

7. Final finish @ 5.0 post 4pm auction, which hints end of Wave 2 and beginning of Wave 3!

[Future movement]

8. Monday Closing to be higher than 6.45?

9. A minor oscillation around 6.45 for a while before a  legup  to  new  high (say 15+ or 20+)???