That’s possibly true but all Bios should benefit in a buoyant sector as all the brokers want their clients in the bullish movers therefore retail get those encouraging phone calls from their shiny brokers.
It might also mean that struggling Bio stocks get a reprieve by just holding firm out of their downtrend.
If your favourite Bio stock failed to move in a bullish sector then you’d need to ask yourself , do you really want to be in that stock?
Anyway, it’s yet to be confirmed technically as to whether or not the sector will assessed as bullish. Let’s see.
Cheers.
RAC - Charts & Price Action, page-18369
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Last
$1.69 |
Change
-0.090(5.06%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.78 | $1.78 | $1.63 | $449.0K | 263.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2300 | $1.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 8176 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| RAC (ASX) Chart |