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$BCRX retrospective look
BioCryst Pharmaceuticals, Inc.
$BCRX retrospective look
By Angus_Ed
Följ
Följ
12 jan. 2022
0
Heja
Heja
12 jan. 2022
Retrospective look at
BCRX
:
1. Gap down to lower low aligning with oversold signal on RSI (Blue Circle).
2. Continued downtrend forming Descending Triangle (Pink Dashed) following hypotenuse resistance line and flat support line.
3. Double bottom then forms (Green Box & Dotted Line and Orange Arrow) within the converging trendlines.
4. Simultaneous bullish signal on the RSI indicator (Blue Dotted Line).
5. Breakout over resistance trendline with large volume (Blue Volume Circle)
6. RR 1.2:1 take profit could have captured initial move (Long position).
Easier to spot now it's happened!
Hope this will add to my (and potentially others) knowledge/experience.
Any comments appreciated
*Not financial advice*
BCRX
Chart Patterns
Descending Triangle
Double Bottom
downtrend
hindsight
Technical Indicators
retrospect
reversal
Trend Analysis
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