TECH - +11% upside with RR of 1:Nice set-up for a continuation IF momentum kicks in for a 1:2 trade.
TECH trade ideas
Bio-Techne Corp Common Stock (TECH) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Bio-Techne Corp WCA - Rectangle Company: Bio-Techne Corp
Ticker: TECH
Exchange: NASDAQ
Sector: Healthcare
Introduction:
Today, we are looking at Bio-Techne Corp (TECH) on the weekly chart. Bio-Techne is a prominent name in the Healthcare sector and is traded on the NASDAQ exchange. Currently, the stock exhibits a Rectangle pattern that could signal a potential shift in the stock's direction.
Rectangle Pattern:
A Rectangle pattern typically manifests during a consolidation phase and is recognized by price movements that tend to bounce between horizontal support and resistance lines, forming a rectangular shape.
Analysis:
In the past, Bio-Techne Corp's stock price trended downward. However, this trend appears to have been interrupted by a consolidation zone characterized by a Rectangle pattern. The upper boundary of the pattern is positioned at $87.50, having been tested four times. The lower boundary stands at $70, having been touched twice.
Interestingly, the price is again using the 200 EMA as a support, indicating the potential for a bullish shift. It seems that the stock might be gearing up for another attempt to test the upper boundary.
If a breakout occurs above this resistance level, we could anticipate a price target of $105, representing a potential increase of around 20%.
Conclusion:
The technical setup on Bio-Techne Corp's weekly chart showcases a Rectangle pattern, suggesting a potential consolidation period before the next significant price move. Traders should keep this stock on their watchlist, especially in anticipation of a breakout above the upper boundary.
Remember, this analysis is intended to be used as part of your wider market research and risk management strategy and should not be considered as direct trading advice.
As always, happy trading, and stay tuned for more analysis!
Best Regards,
Karim Subhieh
BIO-TECHNE CORP ChartHello traders, BIO-TECHNE CORP is in a very important moment in its history we can witness a new historical high. It is in a fake bearish move with large traded buy volume and a water-carrying candle shape followed by a high lower leg. Looking at the TIMEFRAME M1 we observed a dash with a low volume of purchase executed, it starts from the base of the bollinger to check it and then go to the VWAP. And the highest of the bollinger in order to check the top of the comfort zone.
It is very plausible to breakout the price with the momentum at the same time the zone to arrive in the next one and to make a new high. With an attempt that can be in court this session to come and test the top of the comfort zone for the breakout to take the direction of the top of the channel in check. By adding the symbolic number 414.00.
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$TECH - Seeing great bull flag breakout - Potential target $330With recent bull flag breakout on good accumulation, I see that $TECH has potential to rally up to $330.
50SMA(245) can be used as stop-loss limit.
P.S: Please do you additional research before investing, all ideas posted are for educational purposes.
TECH: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
TECH Short trade on break of upward wedgeTECH recently broke its major upward trendline, creating a short trade possibility with a small risk and high reward.
As this trade progresses, longs would will be forced to exit, creating a potential for a steep move down, at least to the trend start around $190
Factors leading to the decision:
Price was rejected trying to make a new high in January, creating a new minor downtrend
Heavy volume as it broke the upward trendline
Today (entry day) price came up to re-test the trendline and was rejected
Price has crossed and held below the 20ma two weeks ago
Two recent high fractals offer great places for tight technical stops
As always, use a tight-stop and if it rips down, let it run and trail stops behind.
