PennyStocks101

BIOL Back In The Channel Again

NASDAQ:BIOL   Biolase, Inc
It's almost exhausting watching BIOL do this every time...jump, fall, jump, fall, all right back to this channel. There's an interim gap to fill from a few weeks back but still many other levels to consider IF it can break back above and out of this channel. I think volume will be an indicator to watch in consideration of whether or not this can happen.

Because dental procedures have resumed to most of their pre-covid levels, many investors are bullish on the future of Biolase . While it is affected by the pandemic, the company is working to build new strategies. This goes hand in hand with its need to continue innovating and receiving new patents. With all of this in mind, is BIOL a penny stock to watch?

Quote Source: 5 Biotech Penny Stocks On Robinhood To Watch In March 2021