$ABCL - RC -
Added 2023-06-28 11:28:43 +0000 UTCOne of our eagled eyed members who monitors a lot of our charts has brought this to my attention again. This was last uploaded at the start of May and has bounced very well since finding support above the blue line.
I have added in the green impulse waves now, if the price action can hold the white Fib levels as shown, the key here of course is staying above the blue line and the previous low.
It is difficult to assess the fundamentals here as it is a Biotech company in its early stage and not profitable yet, analysts have given a mean PT of $30 - $40 here.
Watch for support now as a Wave 2 completion.
Comments
No, it is still making higher highs and higher lows. Likely still in Subwave 2 of Wave 3 now
Gareth Neary
2023-08-02 12:21:25 +0000 UTCLower highs and lower lows. Is this chart invalidated?
Steve Cullip
2023-08-02 12:19:28 +0000 UTCHow about now? Just pushed over 7.6$
Jack Fisk
2023-07-12 14:23:46 +0000 UTCNo yet, it is holding the 0.618 Fib level which is a good sign but not a reversal confirmed yet
Gareth Neary
2023-07-03 09:53:55 +0000 UTCI'm not seeing confirmation of the start of wave 3 yet. Are you? (apologies - I'm a beginner!)
Steve Cullip
2023-07-03 07:45:26 +0000 UTCMy key bio follow has it has his no2 LT play
TommyJR
2023-06-28 12:04:26 +0000 UTChttps://twitter.com/Biotech2k1/status/1673320930234232835?t=9DV2jh8kyoHNSyd9M25ZKA&s=19
TommyJR
2023-06-28 12:04:10 +0000 UTCThis is one of my key Biotech holdings .. platform type play has a lot of shots of goals with downstream royalties etc
TommyJR
2023-06-28 12:02:40 +0000 UTC
