Aug. 1 at 5:13 AM
$LXRX Moment of truth, the red banded line is the 260SMA on the daily. The bands are the 260SMA high/low. If they bounce off the 260SMA low (today's low) and breakout above the 260SMA high and bounce up off it, they can run it. Otherwise, they're going to break down and go back down to volume support. The blue peaks on the right are volume support/resistance, the bigger the peak the stringer the support/resistance. So if they drop back down it will be to volume support. If they go up they should work/zig-zag the volume peak it just went above and pulled back down below to build up future support with volume resistance above the green line. Right now they are below resistance but they could be building up Support to break out at that green line. Otherwise, they simply brought it up above 1.00 to avoid being delisted from the exchange in which case they can go back below it for another six months before coming back up again.
