dclholm

Still bullish on Dare

Long
NASDAQ:DARE   DARE BIOSCIENCE INC
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4
In EW there is always several possible patterns.

Now it seems like that the best of the bearish patterns seems to suggest an upward move.

It could be ranging from 1,54 to 1,79 (2 targets on 1,79)

The first is a=c = 1,54 and the latter a 1,61 times a= (1,79) of wave c
Thats the bearish bullish cases.

However, IF the huge rise was the end of a wave I then it seems like wave II could have ended with a big normal retracement.
In that light, wave 3 has ended its wave 1 of 5 and is now completing or has completed wave 2 down.

And in that extreme case the next move should be (then w2 has finished if not already) be a wave 3 of 3.
And that should give at target for the entire wave III to about 5 dollar (wave I equals 38% of the endpoint of that target).
I guess thats the most bullish scenarie which could be in play. However i have no idea if the huge rise was wave I. It could be a wave C or even a wave A.
Zacks has a target on dare on 5 dollars so that is not totally crazy. And I guess that target reflects probabilities for fda approval, rejection and so on.

So lets assume DARE does rise the next week. What to do ? given it rises....then if it does so in a orderly matter - then stick to the correction targets 1,54 to 1,79.
But if it does take gigantic daily rises...then maybe just hold your horses and enjoy the journey.

I do have a position myself - 10000 shares - and even though i cant promise anything - the intention is to be long...very long in this share. That goes even if it should find a new bottom without any logical reason. then i will just wait and let time do its job regarding positive news (i hope). Best luck in trading.



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