PPO ; close to "very" oversold ..... expecting shorts to cover their positions .....Scenario I have in mind is as follow ;
First we go to level "A" , then test the resistance upwards at "B" (42.5)
I would be a buyer "only above " the B resistance .........
Now, lets see how this bearish news is eventually interpreted ..........
The FDA issued a "not approvable" letter for Merck's Cordaptive, saying it needs more information on the drug, which is seen as a key to Merck's cholesterol franchise.
Ok, so that's not a "NO" .....its just a "we need more infos" ........
1 comments:
true, but it will takes FDA 5 more years to process those additional information on the drug mate, which is equivalently "NO" for the next 5 years man. U buying and hold 10 years?
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