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Do you think they would split the company over this or stay the coarse as one ?
Physically they are already split up. Their anti-cancer research is conducted by experts in various notable hospitals different from the devices group. I believe. The two are integrated through the use of the laser in the treatment.
Unless there is blowback from these "devices" problems that affect the anti-cancer group I don't see a reason to split up. But then I don't know much about the internals of the company to really offer an opinion on that.
A Toronto based clinical-stage biopharmaceutical company is quickly advancing on what may prove to be one of the safest and most effective cancer treatments ever developed. Theralase Technologies Inc. (“Theralase”) is conducting a pivotal Phase II clinical study, with a primary objective of efficacy, of a cutting-edge anti-cancer treatment that utilizes laser light activated anti-cancer … Continue reading Canadian Clinical Stage Biopharmaceutical Company Advances New Cancer Treatment ?
If you step back to what I was saying last week you will find that things are going pretty much as predicted.
I will start here with the Ichimoku chart first
As I thought the share price is following the contours of the red cloud.... This is a pretty difficult edge to breach. The edges of all clouds are resistances when approaching from the bottom and supports when falling from above.
I find it amazing how that resistance works.... but there are differences from the last chart. The OnBal Vol is still dead assed neutral but the CCI has improved to mildly bullish and the CMF has almost crawled out of the mud to being neutral....these are signs of improvement.
In the Trigger chart it might look like nothing has changed but that is not so.... the share price is flatlined but you know the reason of that from the Ichimoku chart. But look at the Slow Sto.....It has climbed to double its value compared to last week to 56.... the MACD continues to climb.
Though it may look like nothing has changed that is not true... Many indicators are showing improvement.
A breakout is not going to happen for 2-3 weeks yet.... we have to get out from under that cloud. Though it is possible that suddenly we will breach that edge but then face another barrier of the upper cloud edge.
If the share price waits for 2-3 weeks it will have an easier time to rise above the clouds.
Well it is official now... we have started a breakout.... the Slow Sto is into the 80's , the MACD slope is increased positive slope and the BBwidth has a sharp positive change of direction.
In the Ichimoku chart you can see we did not wait for the thinner red cloud portion. After being in a sideways situation it is hard to say if the price will charge to the other side.... usually this is not the case but given that long flat movement perhaps the momentum is there.... the upper edge to this cloud is a resistance in this case at $0.275. Breaking free of the red cloud will be huge.
Finally a bit of action.... I don't see any hard news yet but would not be surprised to see positive news soon.