Hey Tony FA = fundamental analysis from you is welcome - as you don't BS and always say what you think with all the facts you have - usually well researched imo - Here is the TA = technical analysis - which is charts So going off what you have said -
This one has risen from lows, based with several tests of support, then had another rise - double topped then came back again for another retest of support low - It is currently rising and retesting the rising trendline again - it has also double topped with the previous high here - the rsi is a bit high, however it might just amble down to the trendline again here to allow the indicators to settle - which would be a good spot for it to go for a breakout -
Now the hard part with a lot of trading - it is almost always impossible to tell which way things will go until results are in - If they are great it might gap over previous resistance and run - so many different scenarios - currenlty on the weekly it is above all it's moving averages so that is also good...probably a good one to keep an eye on for the next month or so to see if there is any change in volume - there has been a moderate amount on the last peak - which could mean there is not a lot of supply - with a bill SOI this is interesting - see where it settles here anyway - as with all biotechs you have to have a bit of conviction for the results ... What I would like to see is a touch of the trendline and hold up- hope that helps -
