After its most recent gap fill EBIO is trying to breakout.
A breakout and hold above $4 will lead to the GAP fill.
with both long and short scenarios.
working on the GAP fill
looking for $205 pullback before testing ATH
holding $1.22 support.
once bottom is established.
looking for the GAP fill to $25.
overall looking for a GAP Fill
if support holds this stock will try and fill the gap.
this stock has filled prior gaps.
filled before the market opens.
NYSE:BHP 02JUN16 (Daily) - Low risk short trade if the market re-tests lows after a solid post brexit rebound. BHP should revert and test back at around $26.
in trend to fill the gap!
filling that GAP!
looking at the long-term chart this is huge resistance.
heading down to lower levels
looking for a 50% retracement here.
