Tracking Stocks Biotech

New uptrend confirming nicely  See the setup (with our date we alerted to subscribers) below.

During market hours>>  Basing Potential breakout
Click on chart to enlarge (to see more clearly)

Chart updated (after the close)

A strong move here now; pushing back above both the 50 and 200 day moving average; on increased volume. Could certainly go higher.

Confirming resistance by being continually rejected at the 20 day moving average. Now selling off on increased volume.

Trend seems to be changing as this closes back above the 20 day moving average. 50 day average at 152.29 now key to better confirm the likelihood of continuation higher.

Haven’t updated this in quite some time. We’ve been avoiding this (biotech) for quite some time.   Here’s the why

Still seeing no reason to be long here

This chart also a good example of why to not hold a stock; expecting a significant bounce higher based only on it being technically oversold.

Breaking out, with continuation to new ATH’s  No resistance overhead

Signal confirmed nicely closing back above the 20 day moving average and could certainly continue higher.

Nice intal attempt to turn around, pushing just above resistance. All about follow through now

This new ATH telling me that biotech sector likely continue higher.

This drop to pop (red to green) setup is compelling and could lead to a new all time high.