Tuesday, January 24, 2017

Biotechnolgoy ($BTK) May Go For A Small Run, But Watch Out

Just a quick note here regarding the Biotechnology Index $BTK which appears to be in a bullish declining wedge, however confined to a larger downtrend. I am fairly confident we will see a breakout but the larger downtrend may hold. Put a long/buy in at 3140 but sell/short if it fails to break 3170.