FXHighway

Biodel stops the bullish correction

Short
NASDAQ:BIOD   None
1
The bullish correction trip stopped at 38.2% Fibonacci level recently ,, and the price broke the ascending channel's support line, to open the way for more bearish actions, and the main target is visiting the previously recorded bottom at 2.01.

Breaching above 3.14 then 3.56 will provide good key to regain the correctional bias again.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.