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Analysis: #NASDAQ $BASI

Case 75 #Bioanalytical Systems Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#BASI 1/4
Chart 1
Monthly Chart: The 9yr range has finally been broken but much work is needed to recapture the all time high of 14.50. Conditions are erratic and more chop is to be expected. Immediate resistances are 6.00/71 #Fib and broken #trendline support turned #resistance.

BASI 2/3
Chart 2
Weekly Chart: #SMA 50 & 200 are flat but still acting as support.

The #Strategy is printed on the image.

$BASI 3/3
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