The weight of evidence for a positive week ahead.
Pros
Biotech rally offshore will support local bio stocks.
Price now inside a rising channel with 30 looking achievable.
Demand pushing price further into a dodgy looking triangle.
Stochastic price oscillator climbing out of the hole
On Balance Volume confirming bull power.
I look forward to the fundamental guys/gals adding to the pros.
Cons
NASDAQ bio will retrace after this rally, professionals don't like to chase price, they will stop buying and wait for the retracement
before they start accumulating again.
All mo so dyor
IMUGENE CHART. TA only, page-17415
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