BIO just printed a textbook capitulation reversal from 2.6 cents — this bounce has legs.
$BIO $0.03036 Long TP $0.03150 SL $0.02980
Volume exploded 1.6x the 6-day average on the reversal candle from $0.02676, confirming exhausted selling and fresh accumulation.
Price reclaimed SMA(10) at $0.02941 with RSI at 48.3 — plenty of room to run toward SMA(20) resistance at $0.03109.
DYOR
$BIO $0.03036 Long TP $0.03150 SL $0.02980
Volume exploded 1.6x the 6-day average on the reversal candle from $0.02676, confirming exhausted selling and fresh accumulation.
Price reclaimed SMA(10) at $0.02941 with RSI at 48.3 — plenty of room to run toward SMA(20) resistance at $0.03109.
DYOR