I joined RaginCajun this morning in $BCRX when I saw price action was acting “fizzy” after open. Not to ignore my intuition, I bought back $BCRX and continued to add as price continued to climb.
Take a look at the $BCRX daily chart below. You can see it broke out of the symmetrical triangle today. Price action never breaks below the 89xma and both momentum indicators are also turning up.
Take a look at the weekly chart. Did you see the cup & handle pattern? A breakout of the cup & handle on the weekly chart kick off a good rally here.
My 2 cents.Comments »