Trader_Johnni

BIT Breakout

Long
ASX:BIT   BIOTRON LIMITED
ASX:BIT Biotron Limited is engaged in the research, development, and commercialization of drugs targeting significant viral diseases with unmet medical need. The Company has BIT225 in clinical development for HIV-1, and a promising preclinical program for HBV. In addition, Biotron has several earlier stage programs designing drugs that target a class of virus protein known as viroporins which have a key role in the virus life cycle of a very broad range of viruses, many of which have caused worldwide health issues such as Dengue, Ebola, Middle East Respiratory virus, Influenza and Zika viruses.

Bullish Outlook:
- If Daily Resistance fails I have a Golden Pocket Target after Identifying previous Breakout Cycles
- Bullish Breakout from long-term downtrend
- FIB Retracement Golden Pocket 0. 5-0 .618 has been previously respected
- RSI Passed the 50.00 level and is now Bullish
- MACD Bullish Cross

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