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Home > Articles > Picks > Updates - SCA & NNVC

Updates - SCA & NNVC
Aug 08, 2008

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All Allan

All Allan
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Earlier this week I had a 200% gain in SCA and implemented a trailing stop, which got hit this morning, preserving a 163% gain on the trade. The chart remains bullish, but allows for a drop to Fibonacci support between 1.90 and 2.25.

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NNVC is intriguingly up today on nothing special volume, a reversal of a pattern of drifting lower on low volume. Press releases usually come at the beginning of the week and there is anticipation of news on either HIV studies and/or collaborations with a big Pharmaceutical company.
Here is a Daily chart of NNVC showing a break of the descending channel and a Buy signal basis the MACD:
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Below is an Hourly chart of NNVC, Year-to-Date, showing a bounce off of support and targeting 1.80 for the move:
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