NASDAQ:BIOC
Just look at this chart guys. Great ranging, beautiful breaks to the upside, followed by consolidation. These are the patterns we trade for. Wednesday will show us more of this picture, if it continues to look like these ranges we're in good shape. A close below the 50EMA (green dotted) would make me review things, a strong close above $1 would see this soar. Bio stocks have been trending for a while now, I don't think this car is out of gas yet. Golden Cross on the daily, bounce off of the 50EMA and a bounce off the 50 line on the RSI . We're just waiting for the MACD to push back over the signal line but momentum is starting to turn. Let's just keep an eye on Wednesday/Thursday and see what it brings.
Just look at this chart guys. Great ranging, beautiful breaks to the upside, followed by consolidation. These are the patterns we trade for. Wednesday will show us more of this picture, if it continues to look like these ranges we're in good shape. A close below the 50EMA (green dotted) would make me review things, a strong close above $1 would see this soar. Bio stocks have been trending for a while now, I don't think this car is out of gas yet. Golden Cross on the daily, bounce off of the 50EMA and a bounce off the 50 line on the RSI . We're just waiting for the MACD to push back over the signal line but momentum is starting to turn. Let's just keep an eye on Wednesday/Thursday and see what it brings.