I think, due to the high short interest and the weakness in the decline lately that the next month is going to be suprisingly good for the upside. Let's see.
As long as the company continues to provide decent news and progress, I believe this pattern will prove itself. The market went down hard at yesterday's session and recovered strongly, I believe that SRNE weak hands were washed out in that move and now it will be easier for it to move towards the highs. If the volume goes down and the price will move...
Currently shorts are controlling the stock. Seems that it found it's support and we might see a short squeeze in the upcoming 1-3 weeks.
Based on strength I recognized from buyers in the last couple of weeks. And from the other hand, weakness of sellers while it pulls back.
Teva creates a nice oppurtunity for a long trade. Two days ago was moving almost 20 percent upward when it reached and published a fine settelment. I'm going to monitor that deal with a very close stop-loss because it is still being manipulated, what makes it a bit risky.
Should manage to move between those trend lines.
From watching it for a while, it seems to find a bottom. Share your thoughts.