Regardless of what one think of using TA to make buy/sell calls,...

Regardless of what one think of using TA to make buy/sell calls, charts are most certainly useful for looking at trading patterns that have occured. Looking at the last week- we are in uncharted waters for this stock. Since IPO we have not seen such a strong, sustained appreciation of SP over a week that was fairly boring in a wider market sense.

Daily chart:
5 green days in a row, closing on or near daily high twice, no gaps, on rising volume. We are well funded now, the CR seems to have set a floor at .82, and it looks like we're off onwards and upwards. Of course there will be pullbacks, but, as mentioned before, once we're clear 1.19, we're all in the money, and who knows where we end up.


Weekly chart:
Easy to see here the volumes we're dealing with now. We jumped a lot on announcement of the SOLVE trial results, but it left a big ugly gap up that was closed fairly swiftly. No such gaps exist now, and the only announcement we're waiting for is the FDA announcement. My (uneducated) guess/hope is that we build somewhere towards 1.60 or higher pre-anouncement, but what happens then (as discussed on another thread) is anyone's guess. For now though, happy days.


Exciting times- GLA.