is this biotech tank in or out

By cerealpatterns
this is a top gainer today that could still go either way. if we stay above retracement we could reach for daily highs and beyond. maybe high 26s. much more likely is diving back below envelope and retesting signal, estimate, bottom of envelope around the .5 retrace.
biotechChart PatternsforecastTechnical IndicatorstopgainerTrend Analysis
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