ARTICLE SYNOPSIS...By forming a bullish wedge, the biotechnology index gets ready to continue the bull run.
ARTICLE SYNOPSIS...The pullback rally has turned sideways in between the two Fibonacci retracements levels for the biotech index. This support-resistance area is also intercepted by the moving average hurdle.
ARTICLE SYNOPSIS...Will the index plunge to its lowest support?
ARTICLE SYNOPSIS...The lower highs in price and the long-term moving average upside move formed a symmetrical triangle. The breakdown has forced the index to plunge. Will the freefall continue?