Simply because the chart says it is stabilizing.
Don’t believe me?
Look at the 3m chart below:
Did you see how price action climbed back up above the 89 xma and 79 sma lines?
Now, look at the daily $DCTH chart.
Do you see a long-tail underneath that tadpole? Geez! Did I just say tadpole? Anyway, you see my point. The bull has taken back the force and, as a result, leave a long tail below. I’ll add more if today high is taking out tomorrow.
My 2 cents.
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I’ve traded DCTH for three or fours years since 2.42 up to $16 ( twice ) and back down to $1. You just got caught in another cap raise.
Charts and microbios are a deadly mix.
Very true; but still charts provide the crutch I need to make decision. Cap raise is like one of those land mine you hope you don’t step on when you venture into the enemy land. That’s why the taking “profit” is such an art in biotech trading. Take too soon and you suffer; wait too long and you also suffer. Congrat if you take profit on the high side during previous run up to $16. We may have that run yet! Cheers!