Replies to post #246935 on Biotech Values

[Whalatane]

sab. I don't think technicals are very predictive for binary events ...jmo
I'm holding VKTX ( as is poster rfj ) thru the binary .
Kiwi

[rfj1862]

In case you give any credence to technicals:

I know there's a lot of excitement about $VKTX, but I have noticed the decline in the RSI with each recent new high (negative divergence) and the MACD has been turning down....I especially pay attention to both positive and negative divergence

s.

I think technicals are fine for high-volume names where crowd psychology is much more predictable. For biotechs? Not so much.