Hi Top...
My calculations shows next stop at $1.22 and if that is broken then $1.16 and from there "The Dreaded Gap" $1.09. See below.
IMHO we need to get through the next week or two and then the NASDAQ affect "should" kick in.
The F/A has not changed but for those that follow the T/A the charts do not look good. The SAR, OBV, and the Williams% R all look negative and the 7 day EMA has crossed beneath the 14 day EMA and is touching the 21 day EMA.
Using a Fibonacci Calculator with $1.45 as a high SP and $0.86 as a low SP I get:
Retracement:
23.6% $1.31
38.2% $1.22
50.0% $1.16
61.8% $1.09
This week will be very interesting if the SP trend does not change direction.
Cheers,
Brantley
PSD
psivida limited
