aannane
Short

XBIO Continues Bear Trend

NASDAQ:XBIO   XENETIC BIOSCIENCES INC
XBIO has a gap between support at $1.03 (green and regression trend lower limit), and its current pre-market price of 1.12, additionally...
  • All moving averages point to a sell
  • RSI /Momentum is unsupportive and will not assist in price stability
  • Lack of volume shows volatility and lack of trend resistance

Short term XBIO is a clear sell/put. Long term however XBIO maintains its momentum and may reverse its trend.

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