SLNO - Extreme Oversold Territory Going Long...
Updated
SLNO - took a dive when the FDA demanded more testing of their latest drug. They are working on that and I suspect that we will see a retrace to 2.32 and possible sideways consolidation as the bulls sheepishly return to this little gem. I'm gonna run towards this as the bulls are running away. Be greedy when everyone else is afraid (Warren Buffet's play book) I'm going long! Price target of 2.32.
Comment
They also reported positive earnings for the first time in a while so this looks pretty bullish to me.
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