Biot.US ETF 05.08.2016
D1 chart.
Continues downtrend and formation Multiple bottom, as baseline is broken.
Price broke the main diagonal of the downtrend.
The sector has recently begun to garner more interest from a broad set of investors, however.
Technical indicators:
Price above 50SMA and 200SMA
RSI(14) - above 70 and upward direction for buy
Entry after correction around 290.00.
SL: 280.00
Alternative scenario: If price go below 290 this will negate the positive scenario.
Jr. Trader Nikolay Georgiev
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