Bullish engulfing candle today.
The .886 fib level may have been the landing pad, but the bottom is not always the bottom.
Biotech has been up and down so I am approaching this sector with caution for now. I have noted some biotech making daily or every other day yearly low and EBS made a new low yesterday and today although the 2 lows almost matched 58.79 today and 58.83 yesterday.
Negative volume is high. Short interest is 7.2%
Possible bullish divergence on RSI.
No recommendation
The .886 fib level may have been the landing pad, but the bottom is not always the bottom.
Biotech has been up and down so I am approaching this sector with caution for now. I have noted some biotech making daily or every other day yearly low and EBS made a new low yesterday and today although the 2 lows almost matched 58.79 today and 58.83 yesterday.
Negative volume is high. Short interest is 7.2%
Possible bullish divergence on RSI.
No recommendation
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.