Long
Battered biotech.
Sorrento therapeutics is a chart that interests me. Measured move from pennant hit exactly which explains the bounce but I am anticipating a move down to horizontal support at 1.50.
Will go into more detail on the daily chart.
RSI flashed into oversold conditions recently however no bullish divergence.
High risk high reward however any buys in this area, in the past has paid off well.
Very volatile swings.
Will go into more detail on the daily chart.
RSI flashed into oversold conditions recently however no bullish divergence.
High risk high reward however any buys in this area, in the past has paid off well.
Very volatile swings.
Note
Renko on the monthly is holding support for now.
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