Cross over resistance or bounce back? Depends on MACD
Will the bulls continue pushing the price of Bridgebio Pharma through the resistance? RSI 14 shows no indication of their stocks being overbought and the pharma industry is doing well, so I think yes. But let´s wait for the next high of the MACD to see whether it converges or diverges with the price. In the case of a conversion, I call a breakthrough and long position!
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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