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Lightwave Logic, Inc. (LWLG) Technical Analysis for Wednesday, May 2, 2012

LWLG is holding a nice support level just over the $1 mark. Buying pressure came in on Tuesday, taking the stock 15 percent higher off the support and turning the indicators close to bullish positions. The bottom support must hold as the candles look to stay over the 200 dma and possibly rise to meet the 50 dma at $1.58.

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