NNVC

Here is my current take on NNVC.  The chart below is pretty persuasive that we are in a third wave advance of some degree.  Note how the Elliott Oscillator in the bottom panel is confirming the wave count on the chart, with both prices and momentum at or near new highs for the entire six month rally.

NNVC Daily Trend Model

Also note what appears to be a series Waves 1 & 2 Up from the late October, 2009 low.  Needless to say, the Daily Trend Model is solidly up with its reversal well under current prices.  An objective risk/reward analysis based on this stop is that there is about 25c of risk against a potential $2.25 reward, almost 10 to 1.  

What can be a catalyst here? Any number of fundamental events as there are many different irons in the fire for NanoViricides.  But I see little reason to complicate the analysis with speculation, the chart speaks for itself.