So this stock broke through multi month highs this am. Volume yesterday and today improving. I suspect many are watching the $6 level, perhaps short term traders could consider entry in a couple hours as this lulls back a few more pennies (5.91 as I write). >25% profit since first post on this in August for anyone that held.
If we see price stabilizing above the UTL, then my previous hypothesis would be wrong, and the trend may start earlier than Febuary.
Chart: Updated analysis. I would agree that we can expect volatility in the next few days. Analysis: Upper red UTL, latent supply, Lower red UTL, active supply. Lower blue LTL, latent demand, Upper blue UTL, active demand. I would say active demand in this situation is being attracted due to the Ebola situation, while active supply is likely large holder profit taking from a previous up leg. Breaking above or below the active TL would in my opinion signify beginning of a move, or a directional test, depending on volatility.
Catalyst?: http://www.who.int/medicines/ebola-treatment/vaccines-meeting-lop.pdf?ua=1 http://www.who.int/mediacentre/events/2015/ebola-vaccine-access/en/