BIO has formed a bullish pinbar at the 100 EMA which has previously acted as support, so I would expect the price to bounce off this level
BIO is also a fundamentaly good company, and the coronavirus hasn't really affected it as much as the overall stock market, so if we should go long in a stock, BIO could be a potentially good trade
Because of the high volatility that we see in the market right now, our SL range should be pretty wide and i will only take the trade if price moves above the pinbar
Also my postions size will be smaller because of the volatility
Risk to reward = 1/2
BIO is also a fundamentaly good company, and the coronavirus hasn't really affected it as much as the overall stock market, so if we should go long in a stock, BIO could be a potentially good trade
Because of the high volatility that we see in the market right now, our SL range should be pretty wide and i will only take the trade if price moves above the pinbar
Also my postions size will be smaller because of the volatility
Risk to reward = 1/2