BIOHLDG found resistance at Fibonacci 2.618 and plunged down 61.8% from the entire upside movement from June 2020 for a pullback. The entire correction could have ended here as we can see technically on RSI oversold condition and the price currently rebounded on the uptrend line from Mar 2020. Our upside target is at 0.46. On the opposite scenario, price movement below 0.20 could push the price lower.
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Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Trade closed: stop reached:
UTL breached