SVFC has seen a lot of volume this past month and we are currently looking at a bullish partial decline in the rising channel bottom formation. As we know when finding a bottom we need volume for confirmation and with SVFC we have mega! We also want to see multiple bullish formations and chart patterns (volume, price action, indicators etc.) when determining bottom as opposed to downtrend corrections.
In the SVFC chart we see volume, Rising channel (higher lows and higher highs), Price action (trading over all short term ma's) with a bounce up from the 10ma, mid channel (partial decline)
SVFC indicators are also now starting to show more strength here particularly the CCI, Wm%R and Full STO. Look for the RSI to join in the strengthening of the stock price as it gets closer to the upper trend line and 50ma at .06 - .07
From there, should the bullish actions continue, we would be expecting a breakout and test of .09 on the 100ma
After the short week last week and continued strong interest in SVFC through that time we expect big volume to continue here pushing price up and availability of shares down creating the anticipated spike in share value!