Have we weathered the storm? Has the tide turned? The 38.2 Fibonnaci regression, from the August 13 kick-off at 33.5 cents to the $1.38 high, is 98.1 cents.
11 September close was 97 cents - resistance. 12 September open was 97 cents - support.
A month later....
12 October close (Monday) was 97.5 cents - support. 13 October open (yesterday) was 97 cents - support.
Could be going early, but I think we're over the worst. Demand seems good at $1.00+, and we're holding up well.
Only two weeks to go until the Sanofi Drug Exclusivity List is signed off. And with Due Diligence on the Automated Assembly Supplier complete, and funding now in place, an agreement is presumably being negotiated as we speak....
....as indicated by the CEO's commentary on the Capital Raising....
"If we are to meet our accelerated target dates for delivery of these products, (RTFS and 1ml) we must make financial commitments and expend the funds for the new equipment and plant facilities in the very near future..."
Looking better than good, IMO.
UNI Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
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