Bioarctic Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Bioarctic Stock Quote
- Double Formation
* A+ Set Up)) | Completed Survey
* 187.50 SEK | Area Of Value | Subdivision 1
- Triple Formation
* (Neckline) At 172.50 SEK | Subdivision 2
* Pattern Confirmation | Entry Bias | Long Position
* Daily Time Frame | Entry Settings Condition | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
BIOAB trade ideas
BioArctic AB | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.88 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
UPDATE BIOARTICSo we have started the retrace on BIOARTIC.
For now I'm sticking to my previous target of around SEK 80,-, the fib 0.618 and strong horizontal support (green circle).
There is a good chance we'll have a little move up today to retest the support we just broke, filling the gap that was left behind (grey line), before heading back down again.
My theory becomes invalid the moment we break that black downward arrow.
Bio artic looking for buying entry.So Bioartic is still looking very good from a fundamental point of view. If you are looking to buy (again), I've looked at several scenarios.
First of all BIOA_B is consolidating between 2 support/resistance areas and has just broken it's upward trendline, so a correction is definitively a possibility.
If looking for a target for that correction, around the 78-80 support area looks very good as it will be the top of the weekly cloud (not shown here) and the 0.618 fib retrace of the most recent impulse.
So what are the scenarios?:
1. RED We get the retrace after some more consolidation and then breaking support.
2. ORANGE We get a quick lunge up to the upward trendline again as a retest, but then it fails and falls back down.
3. GREEN We have consolidation, but never get the retrace. Instead BIOA_B breaks resistance, retests the new support and continues up.
So what's the best way to approach this?
- If it breaks upwards, you have to wait for the retest and see if it can find support (green circle on green scenario).
This is how you can distinguish between the ORANGE and GREEN scenario. With orange it will fail to find support on retest, with green it will find support.
- If it breaks below the consolidation, you simply keep a close eye on the 78-80 support and wait for bullish behaviour in this area (green circle around 0.618 fib).
That's it for now!
BIOA worryI'm a bit worried about the recent uptrend of Bioartic holding or not.
If we look at the last 'mini' structure, it has broken support and restested that support and got rejected. That puts the blue trendline in danger of breaking.
However there is ample support just below at around 70 and again around 65. Perhaps additional buying opportunities will present itself there. Note the gap at 66.75
So for now hold and look for additional buying opportunities. Target of 86 still in play.