Looking at the chart I see a large wedge formed off of a resistance line dating back a year. It was broken for a short period as we hit the 18 mark but has quickly receded back and has challenged, but not broken since. the support is coming from the low of 8.31 tracked up to the consolidation points post runs. Any news related to forecasting, drug approval, or debt will set this off, either up or down, 4%-10% any given day. this is a volatile SOB. If we break current support, we could see $10 to $8 range until major positive news. if we hold, expect the resistance to hold until ER or news of drug approval or guidance/forecast improvement.
Overall very long.... $20 - $25 Jan 2019
Overall very long.... $20 - $25 Jan 2019