Biotage AB - nice move upStrong buy, breakout of horisontal channel. Used Supertrend by LoneSomeTheBlue.
BIOT trade ideas
BIOTAGE (BIOT) | Stock From SwedenHi,
Biotage AB (publ), a life science company, provides separation technologies in the areas of organic and analytical chemistry, biomolecules, as well as for industrial scale-up applications. It offers sample preparation solutions; horizon food and environmental products; microwave synthesis solutions; peptide synthesis and purification solutions; flash purification products; work-up products; evaporation and concentration solutions; and industrial and large scale products, such as flash purification, metal scavenging, reagents and scavengers, and custom resins. The company sells its products to pharmaceutical and biotechnical companies, contract research and manufacturing organizations, government authorities, and academic institutions; and commercial labs, hospital, CROs, bio-analytical laboratories, food manufacturers, and labs performing for food safety and environmental analysis. It operates in North and South America, Europe, Japan, China, South Korea, India, the Middle East, Africa, and Asia Pacific. The company was founded in 1969 and is headquartered in Uppsala, Sweden.
Technically it has started to approach a pretty interesting and probably the strongest price zone on the chart. Obviously it attempts to buy it but here are some "fundamental issues". It is 2.5x overvalued and some insiders have sold their shares.
Still, it can be purely just a technical price zone from where we can gain some short-term growth. The perfect buying zone stays at 120-130. BIOTAGE can make a quick jump 20-30%, after that we need some positive news to hold it a bit longer, a perfect would be if insiders start to buy it again, I will keep you posted about it.
Regards,
Vaido
BIOT LongGood Entry for a little swing
Biot tripple bottomed and tripple bullish divergence on the RSI.
Trading inside a descending wedge for the last couple of weeks that signals that price action sending the price north is due .
