Price is not to long entry level yet which would be over the left side, or sell side of the cup.
Known to be volatile like biotech tends to be.
Negative volume is high showing interest. Short interest is 1.57%.
Estimated earnings 2-3-22 BMO. (before market opens)
There should be strong support at mid cup which is 5582.82 and at the handle low (HL) The cup depth is 223.64.
No recommendation.
The alligator is trying to tangle which can suggest consolidation of price.
Known to be volatile like biotech tends to be.
Negative volume is high showing interest. Short interest is 1.57%.
Estimated earnings 2-3-22 BMO. (before market opens)
There should be strong support at mid cup which is 5582.82 and at the handle low (HL) The cup depth is 223.64.
No recommendation.
The alligator is trying to tangle which can suggest consolidation of price.
Comment:
Watch and wait!
Comment:
Rising wedge developed/bottom trendline is at 641/not valid until broken/12-14-21