The $2-12 was a 50% retracement from the most recent closing...

The $2-12 was a 50% retracement from the most recent closing high of $2-24 on Tuesday 22nd Feb comapred with the most recent closing Low of $2-00 on 29th January.

Retracement is quite normal after a new high and the $2-12 represents (represented?) a good opportunity to buy in.

Usually a retracement would take a number of days - but Biota seems to be moving very quickly (probably accelerated by the Bot activity).

The rise today is a sign of renewed buying enthusiasm - next target (hopefully) would be [$2-24 + ($2-24 minus $2-12)] ie $2-24 + $0-12 = $2-36.

Will be interesting to see how it pans out - but I think we are on the move. hang on for the ride.

What do you reckon Shylock1 (or is it Indy?)

Regards
Kangaroo1
DYOR