Requested Analysis
Resistance at 3.02 and 4.75. Generally, I would not recommend this kind of chart and industry. The biotech industry tends to have a very volatile nature. It is usually driven by news/rumors. Extremely hard to predict. If you're lucky, you may get a 20-30% rally price due to some random news. OR.. you can be stuck at this counter for a very very very long time. I would take this as a gambling trade that is not dependent on fundamentals or technicals. Just a pure gamble for some news to come along. If you must trade this, play small. I personally would avoid it.
Resistance at 3.02 and 4.75. Generally, I would not recommend this kind of chart and industry. The biotech industry tends to have a very volatile nature. It is usually driven by news/rumors. Extremely hard to predict. If you're lucky, you may get a 20-30% rally price due to some random news. OR.. you can be stuck at this counter for a very very very long time. I would take this as a gambling trade that is not dependent on fundamentals or technicals. Just a pure gamble for some news to come along. If you must trade this, play small. I personally would avoid it.