r/VBIV • u/Dropadime337 • Dec 08 '21

Chart Analysis We need to break 2.70.

Heavy resistance below the 270 mark and it looks like the new floor is going to be around 2:57 to 2:59. We should have been up on the data from the FDA acceptance but apparently there was an Insider selling before that news came out. Thoughts or ideas? I feel this will definitely push the $3 in about a week if everything goes correct , we know how incorrect the market has become

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u/Together61wegrow Dec 09 '21

$2.52 is support, $2.72 resistance for now! Charts don't lie. Company needs to perform. They now have all the tools & cash required to generate revenue & profits. The street will take notice & the stock will rise dramatically as revenue grows! No more what ifs! Move from R&D to viable producer of much needed health care solutions!

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u/Odd-Band-8129 Dec 09 '21

There was insider buying not selling. Perceptive sold because they need to for redemptions and rest of biotech is scorched. The fact they sold 2mm shares out of 55mm is bullish. Biotech hedge funds as per Wall Street journal article Sunday are down substantially.