BDSI Price At Extremely Attractive Entry Point

Biodelivery Sciences ([stock_quote symbol=”BDSI”]), after a horrendous beat-down since its peak in September 2014, is hovering at a major long term support level that could make for an very low-risk/high-reward entry. As you can see from the monthly chart below, the $1.65 zone has been almost like a concrete foundation for price to rebound from. The one time that it didn’t, between September 2011 and January 2012, formed an all-time low that would be a secondary accumulation zone. Taking a look at the daily┬áchart…

…we see what’s arguably a double bottom off the long term support zone, which is definitely a bullish move.

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