Hello traders, BIO-TECHNE CORP is in a very important moment in its history we can witness a new historical high. It is in a fake bearish move with large traded buy volume and a water-carrying candle shape followed by a high lower leg. Looking at the TIMEFRAME M1 we observed a dash with a low volume of purchase executed, it starts from the base of the bollinger to check it and then go to the VWAP. And the highest of the bollinger in order to check the top of the comfort zone.
It is very plausible to breakout the price with the momentum at the same time the zone to arrive in the next one and to make a new high. With an attempt that can be in court this session to come and test the top of the comfort zone for the breakout to take the direction of the top of the channel in check. By adding the symbolic number 414.00.
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It is very plausible to breakout the price with the momentum at the same time the zone to arrive in the next one and to make a new high. With an attempt that can be in court this session to come and test the top of the comfort zone for the breakout to take the direction of the top of the channel in check. By adding the symbolic number 414.00.
Please LIKE & FOLLOW, thank you!