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.
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