Post by
LondonInvest on Mar 22, 2022 10:20am
Likely Trend Up For Break Away Gap
This is just speculation, but the chart action in BCTX is very encouraging going into the AACR on April 12, 2022. I expect it to continue to rise into the $10-$11 range and build a higher base. Strong clinical results from presentation on April 12 could set up a sharp move higher with a break-away gap up. It would propel stock above all previous highs and resistance and lead to a spectacular rally.
This is all speculation of course, but I like the current steady trend up and expect it to continue for next 3 weeks to get us in that $10-$11 range.
Break-away gaps for stocks on news that launch a stock above previous resistance are always spectacular.