Bio-Tech & Pharma Working on Break-Outs

Both bio-techs and pharmaceuticals are working on quality, long-term technical break-outs in the charts below.

The set-up in bio-tech is the most compelling given that the DJ Bio-tech index has already cleared all-time highs from 2000.

Should it break its next line of resistance currently at hand, there is little stopping it from rallying an additional 40% and potentially 120%, thereafter.

Advertisements
%d bloggers like this: