OrangeBird
Long

Bounce off channel support

NASDAQ:BDSI   BIODELIVERY SCIENCES INTL INC
112 1 0
Recent news of licencing out ONSOLIS painkiller, general overselling on the daily chart ( RSI of 20.3). Would like to see price move towards 2.19 as a potential entry and a target of ~$3.03 over the course of 12-14 days as seen in the previous run off support
OrangeBird
6 months ago
snapshot


To add: The Transient Zone indicator has given a good indication of reversals throughout this channel; something to look out for if a move up is to come. Also, the small-bodied candlesticks are a good indication of a potential price change. The next few days should give way to some more telling information.
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