Well this is one ugly chart. Can't break above the 8ema, consistently closing on or near the daily lows, MACD sh*t, and I don't see much support here. We were down on a day when lots of bios managed some solid gains.. I do see good support at 1.00 (yellow line). Lot of holders got on board in that range (see Volume Profile in orange and blue on the right). If we do go to 1.00, I'll be taking some big bites. About the only positive I see TA wise is that we are oversold on RSI. Any thoughts @Teeth? I know you watch here periodically..
Fundamentally, there is no tangible reason for this slide that I am aware of. The consolidation apparently hasn't helped, but I believe this is a classic case of the market being pretty sheep-like, and/or seeing oppurtunities elsewhere. I am still very bullish on PYC, nothing fundamental has changed for the worse since we charged from 1.00 to 2.00 mid-late last year. Take a look at a recent presentation, listen to or read one of RH's recent interviews or webinars. PYC is still about the most exciting bio that I'm aware of, with colossal upside potential. All IMO obviously. GLA
PYC Price at posting:
$1.11 Sentiment: Buy Disclosure: Held
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