New lows w/ + MACD/RSI divergences | ABUS Message Board Posts

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Msg  34702 of 34708  at  8/17/2019 11:49:08 AM  by

wbart21


 In response to msg 34701 by  Steve_382
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Re: New lows w/ + MACD/RSI divergences

haha! exactly right Steve this is a lotto ticket here/now.
No risk, no reward though ;)

Here's weekly
https://stockcharts.com/h-sc/ui?s=abus&p=W&yr=3&mn=0&dy=0&id=p23192284881


It's @ an RSI level in low 30s which on a long term chart is where it's bottomed multiple times over past 6 years. Doesn't mean it won't drop further.
Above chart,daily, 60 min showing nice divergences. Yes, they could disappear with cascade drop to cash level in low $1s($1.30s).

Sofia's still there.New CEO eager to prove his worth going forward.PPS below his LT option strikes.No significant news flow expected for months.
No expectations built into pps @ this level & lower.
Listen to Sofia's presentation @ Wedbush last week & his comments/insights about ALT flares.Yes, he's not an objective voice, but I'm willing to take a flier that he's developing some decent scientific shots on goal in HBV and that he really knows the disease.Than God MM's no longer handling investor presentations.

We could be setting a LT bottom now in the $1.40 range.
If it doesn't drop too much further & eventually moves through high $2s/$3 it could go much higher.Of course,yes it could also be enroute to one of its every 2-3 year trips well below cash too.



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