BIO: some waterfall price action?
A price action below 460 supports a bearish trend direction.
The stock is testing its 200-day simple moving average. A confirmed cross below this level will change the sentiment to a full-blown bearish sentiment.
Increase short exposure for a break below 450.
The target price is set at 420.
Stop-loss at 490.
Negate the bearish stance for a break above 460.
The waterfall price effect in stocks refers to a sharp and significant drop in the price of a stock due to a large sell-off by institutional investors or traders. The term "waterfall" is used to describe the downward movement of the stock price, which looks like a waterfall on a price chart.
The stock is testing its 200-day simple moving average. A confirmed cross below this level will change the sentiment to a full-blown bearish sentiment.
Increase short exposure for a break below 450.
The target price is set at 420.
Stop-loss at 490.
Negate the bearish stance for a break above 460.
The waterfall price effect in stocks refers to a sharp and significant drop in the price of a stock due to a large sell-off by institutional investors or traders. The term "waterfall" is used to describe the downward movement of the stock price, which looks like a waterfall on a price chart.
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