After -.04 E/R surprise $BIOS down gap from $2.61 - $1.21 11/07/2016. Hits 52WK low late December (2016) to start uptrend of Elliot waves. Schiff pitchfork shows price action in range of each wave. 3rd wave obviously the longest up to current dip @$2.62. 50SMA angling up to crossover 200SMA - long entry @ $2.62 w/ stop loss @ next support $2.32 - $2.35. First target is key resistance up to $3.40 before exit. If / when crossing over $3.40 resistance, next target point $3.94 to end 5-wave cycle at next resistance point.
Trade closed: stop reached