Posted very early this morning. I forgot about CU6.
Currently the 10WMA has been dropping for 7 weeks at the average rate of 27c a week.
If CU6 just moves sideway for 4 weeks it will tag the 10WMA. That's not a trend change.
Hard to ignore that drop from 8.97 to 4.10. It's a brave man who tries an attempt at bottom picking.
For someone who spends a lot of time on chart threads, I am surprised by your reading of the charts.
cheer Lies
PS While I like EBR's progress so far with the FDA approval, they seem to be doing at the right things. However the fat lady hasn't sung yet. Likely but no guarantees. It finally worked out for MSB after two previous failed attempts, so maybe the FDA non-approval stance has softened.
I'll be watching for a EBR announcement next week as there seems to have been a early leak,
SMN Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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