Jul. 19 at 1:59 PM
$PRPO Chart! The price retraced to the 50% fib level of about
$14. Its possible some buyers may show up, at this technical area. If the price is unable to hold this area and drops below 13.25 approx, that woukd be very bearish. The big candle on july 7, started the uptrend enthusiam. The half way point of that candle is 13.25. For bullish bias by tech analysts, the price has to find buyer support there. If it breaks, anticipate more seller and bearish bias. Is prpo still in an uptrend? We have to see. The last few days might be a retracemenf(profit taking), or the top may have been made and the downtrend has begun. Tech analysis is about probabilities. Markets are fluid and info changes. The warrant announcement wasnt expected but there is always a high probability in these small bios when the price rises, it gives companies an opportunity to raise cash. This is my reasoning to say these are possible trades for a day or week but not long term investments. JMO
