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5 Bullish Biotech Charts

Watch the price action to confirm or refute these chart patterns


Bullish Continuation Wedge

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Dara Biosciences
(DARA) should make for another intermediate-term trade if the pattern, a bullish continuation wedge that has developed over the past 83 days, is confirmed.

This type of pattern represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.

Price Target: $1.10 – $1.25

Stop: $0.42

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