Briacell Therapeutics Corp T.BCT

BCTX To Quickly Regain $8/share

[LondonInvest]

Short-tem, BCTX should quickly regain $8/share to keep the 50-DMA rising and above the 200-DMA.  Very bullish here.  Short-term this will add confidence the recent decline has put in another firm support at a higher low.  Chart looks good.  Long-term you will be hard-pressed to distinguish between $6.69 or $8 on a chart looking back.  Thought I would share my short-term views, but long-term is where the money is.

[LondonInvest]

Well, that did not turn out at all how I imagined it.  I was able to add at these low levels today.  Still think there is really good returns possible here.  I am a holder of company.  Fast Track Designation is not just granted to anyone.  We will see where we are in a year.  These levels are insane.  Essentially at cash on hand levels now.  I think small

[dragshot]

I think you're on the right track here with the 50 and 200DMA.  We now have a situation with both a falling 50 and 200.  This is a red flag for me.  I would have sold back in April when the 50 was starting to turn flat and price crashed thru the 200. Now we're in "no man's land" and currently heading into what may very well end up being shorting territory. 

[LondonInvest]

I agree, but the 200-DMA is only a slight decline and I like how BCTX is tugging on the 50-DMA pulling it back up.  Chart looks like it has a ton of potential on weekly chart.  Could have real legs.  I am expecting the whole biotech sector to start getting bid up in size.  We will see.  I have my position and it is quite news dependent.  Day to day doesn't matter