We have a possible setup forming on BLRX, in that it does seem to be filling out the descending wedge to the downside. Let's watch for a break to the upside and a confirmation retest of the trend line as well. This is not trading advice.
BLRX had a strong rally today and it's just getting started. In the related idea my price target was $1.34. Today's high was $1.78 Check out the weekly chart: Photo Finish. $1.34 was 1.618 extension level from Waves 1 & 2. Since the price-action broke $1.34 we will have an extended 3rd wave. I expect a very strong rally tomorrow, I will update in the...
FYI: BLRX is getting ready for a major breakout. See related BLRX ideas for further analysis. Weekly: Daily: