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Save your seatSILO bounced from the $0.22 area in the past year to $1.01, then faded back to $0.42 as patent headlines and the February buyback lost steam against dilution risk and weak price action.
A failure to hold $0.38 could see a retrace toward $0.30 to $0.22. Any new offering, more stock issuance tied to past deals, or another bid-price compliance scare would accelerate the downside.
If SILO can hold the $0.38 to $0.40 area on volume, a bounce toward $0.55 is on the table. Resistance at $0.48 is the first hurdle, and any follow-through on its PTSD pipeline or patent news could help.
We don't currently have information about Silo Pharma Inc.'s earnings.