Users: Danja Zown: Biotech.png

Biotech.png

I wrote several weeks ago about the final second right shoulder going in on biotechnology ($BTK) and today I noticed that it is approaching diagonal resistance put in by lower highs in July, August, and September. Judging by the chart we should see some peaking action over the next week. In addition to the this the MACD and RSI have entered oversold territory. Is our twin head-and-shoulders pattern coming to an end?

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BKudla wishes he was MauilivingBKudla wishes he was Mauiliving
Looking for 355 on IBB, then off of that bus too. 11/3/15
11/4/15
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