Not a bad place to start consolidating. Will most likely see the...

Not a bad place to start consolidating. Will most likely see the price go sideways here for the next week or so. The SMA has been turning north, whilst the EMA is starting to plateau.

If the biotech index stays positive, we might see a similar rise to 2021 - chart below. But starting at a higher base. Of course, this is all squiggly lines on a chart and I have no idea what I'm doing.


You can see if following the SMA/EMA strategy, you would had made 5 bags (more if you sold at the downtrend of one of the three peaks).

Changing my sentiment to buying around these levels.