Cash bleeding company on a bullish trend how far can this run?
PLSE has been bleeding cash for a while now but it has attracted investments from two investors providing cash infusion to help it stay afloat on early February. This is when the stock broke out and has been trending up since then. Even though doom and gloom was predicted for PLSE here on Feb 23 2017 stock has moved up by $7 since then. Yesterday I was expecting a pull back to $18 or a $22 to hold and rip. Now some sort of consolidation would be necessary or else this will get shorted aggressively.
Originally posted in : blog.buysellshortcover.com/riding-bullish-momentum-or-anticipating-reversal-in-hcm-plse-and-clvs-03-15-2017/?src=tv
Originally posted in : blog.buysellshortcover.com/riding-bullish-momentum-or-anticipating-reversal-in-hcm-plse-and-clvs-03-15-2017/?src=tv
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