With six months consolidation in a narrowing channel, Biota is primed for a significant breakout. Fundamentals suggest it is most likely upwards, with several possible catalysts within the next few months.
Traders may wait for confirmation of the breakout in whatever time frame they prefer, though taking a position now may give a better risk reward profile as a tight 10% stop gives a shot at excellent returns.
T4me, as you're the technician what do you think?
BTA Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
