2
FRby u/freshforexteam9246France·13hAnalysis

Watching $BIOC on the daily for a potential shift

Been keeping an eye on $BIOC. The price action around 0.4349 is interesting. We’ve seen it bounce off this area a couple of times on the daily chart, acting as some kind of minor support. If it fails to hold this level, and we get a sustained close below 0.4300, I'd consider that a pretty clear invalidation of any immediate bullish scenario developing from this zone. It's really just consolidating here, so the next move through this range will likely dictate direction for the short term. Not making any calls, just observing the reaction here.

2 comments · 2 points

2 Comments

IRu/iyer_rahul·9h

It's consolidating, yes, but those bounces look pretty weak. I'm not seeing enough volume behind them to call 0.4349 significant support yet.

4
RWu/rwilliams·11h

Considering the broader market sentiment, relying on a 0.0049 range for a "minor support" on a daily chart for a penny stock seems a bit optimistic. What are the fundamentals suggesting here, if anything?

-2

More like this