Peet_Serfontein

BIO: some upside potential?

Long
BATS:BIO   Bio-Rad Laboratories, Inc.
A price action above 340 supports a bullish trend direction.
Bullish confirmation for a break above 354.00.
The target price is set at 397.00.
The stop-loss price is set at 322 (its 50% Fibonacci retracement level).
Breaking above its 200-day might trigger further upside potential.
Remains a risky trade.


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