Thread by @malteseinvest

Analysis: #NASDAQ $BIOC

Case 425 #Biocept Inc.

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

#BIOC 1/4

Chart 1
Daily Chart: A positive outcome has been the close/hold above the #SMA 200 (June 12, 2020) and this led to an unconvincing break above Feb. 2020 #trendline resistance, as price has broken back below. A close/hold above the .....

BIOC 2/4

..... Feb. 2019 trendline #resistance at 1.33 needs is required to target Aug. 2018 pivots at 3.49/94 - a close above the latter targets 5.75.To the downside, #support begins at the #pivot 0.77, then Apr. 2020 trendline at 0.62.

BIOC 3/4

Chart 2
4 Hour Chart: The #SMA 50 is slightly above the 0.77 pivot and the SMA 200 is currently at 0.55.

The #Strategy is printed on the image.

$BIOC 4/4

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