AI
| Followers | 74 |
| Posts | 3928 |
| Boards Moderated | 0 |
| Alias Born | 03/23/2013 |
Saturday, May 14, 2022 7:10:06 PM
There was a rare reversal buy signal in the general market - including the Biotech group.
This signal has only fired 4 times in the past two years. It consists of a gap down day that traces a new 5 day low, followed by a gap above the down trendline, on heavy volume ("Island Reversal").
They usually lead to a 3-5 day rally. We'll see if we get follow through Monday.
I will be looking for a small initial pullback to get long.
This signal has only fired 4 times in the past two years. It consists of a gap down day that traces a new 5 day low, followed by a gap above the down trendline, on heavy volume ("Island Reversal").
They usually lead to a 3-5 day rally. We'll see if we get follow through Monday.
I will be looking for a small initial pullback to get long.
