BCRX Ascending Triangle
BCRX is trading inside a perfect ascending triangle pattern.
- BioCryst annnounced this week that the company will host a virtual R&D day on Monday, March 22, 2021 from 9:00 am to 11:00 am ET.
- As with many catalyst and events, this could be a "sell the news" and we could see the price sell off on Monday, as the stock already saw a cool 5% gain on Friday in anticipation for the meeting.
-On the 30min timeframe, it has broken through a small bearish channel, and will likely retest main support.
-will be looking for a long entry if it dips down to bottom support
What do you guys think will happen this week?
- BioCryst annnounced this week that the company will host a virtual R&D day on Monday, March 22, 2021 from 9:00 am to 11:00 am ET.
- As with many catalyst and events, this could be a "sell the news" and we could see the price sell off on Monday, as the stock already saw a cool 5% gain on Friday in anticipation for the meeting.
-On the 30min timeframe, it has broken through a small bearish channel, and will likely retest main support.
-will be looking for a long entry if it dips down to bottom support
What do you guys think will happen this week?
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