I've written up some background material on NanoViricides on AllAllan which may explain the recent strength in NNVC, running from $0.55 to $0.80 in the past few weeks. Below is my Trade Triangle chart, which is on Daily and Weekly Buy signals.
NanoViricides should generate a Monthly Buy Signal if it prints above $0.83 next week. The technical analysis significance of this move would be to turn that last triangle positive, generating a Total Score of +100 for this stock.
These Monthly signals are longer term signals and very effective. The most recent signals were a BUY on February 20, 2008 at $0.57, followed by it's current signal, a SELL on September 9, 2008 at $1.01. Those signals resulted in gains of and 77% and 21% respectively. Together, a total gain of 114% for the past 14 months.
The Anti-Cramer
Saturday, April 25, 2009
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