biotech correction, page-41

cmk,
The downtrend only just began, the volume so far is matched on the downside to about 2 weeks prior to the upside.

In my opinion, give it some time and the picture might complete itself and mirror for a longer time period.

That projection should see us in the 2's by 4 weeks from now after, possibly, a dead cat bounce from low 3's back into mid 4's.
From there I would see a larger dump into the high 2's.


This is a stock market forum, so naturally, price expectations are part of the discussion.
Every trader/ investor who publishes such estimates makes him/ herself vulnerable to future price developments, shall his/ her predictions be to the mark or not.

So far, the trading has been exactly as anticipated within the month of April.
Lets see how we fare.



By the way, I do have a broad smile on my face that abdm does not publish broker involvement on the way down but was happy to share it during manipulation on the way up.