I'm reasonably bullish biotech but I think it needs to cool off a bit.
Double bottom with August 2014 low. If it breaks this, who knows where it will go. 17.4% of float short, per finviz. Can expect short squeeze
Ascending triangle and no strong resistance below the highs of 1999-2000.
Watching for a breakout above triangle & reg. trend. not much else Probably try to enter at ~6.8, target 7.50+
White rectangles = possible entries with tight stops. Target = green parallelogram
Wedge up Looking for a break below the yellow line when slope of yellow line <0 Z score should want to re-approach 0 RSI bounce off of ~70 followed by a strong turn down
Broke below interior upward wedge Looking for a bounce back down around 2 std dev above mean of the shorter regression trend, 2 std dev below mean of longer regression trend, previous support level &OR .382 fib for a short Next target is the lower bound of the large upward wedge, which could be support, or it could just continue down. To be contiued.. Ugly...
Broke down out of upward trend Retraced to .382 Trying to break below support RSI declining Z score trending toward zero EFI<0, declining Watching