SLDB- A Biotech Recovery Story
Taking a look at this chart, it prob seems pretty self explanatory. Break the green trend line and this stock will pop up nicely. The first true support is indicated by the blue line and the "Oh Shit" line is indicated by the red line. While volume has been decreasing since the first trip back to the green line, don't be discouraged as it is all part of price consolidation. Keep track of the 50 (1D) MA and buy it off the bounce of that line. SLDB has not been traded for long and being a Biotech company, please, please error on the side of caution when buying.
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