CUR Neuralstem Daily Chart Oversold Falling Wedge Positive Divergence

CUR Neuralstem daily chart shows a speculative penny stock with a falling wedge, oversold conditions and postitive divergence that typically leads to a launch. Resistance appears at 1.25 and 1.37. With this beaten down profile, with price way below the 20 MA way below the 50 way below the 200, a W pattern bottom would be anticipated. Thus, a launch off the bottom from the positive divergence, then a pull back down for a back test, where the second lower bump of the W is formed, then up for a more sustained upward move. W patterns are very strong bullish patterns if they form under both the 50 MA and 200MA, so watch for this as a possibility moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.