Talking about the stock performance of Biologics Inc. (NASDAQ: ADMA at https://www.webull.com/quote/nasdaq-adma) their not only from the price action point of view but you look down at the volume and they are well above average volume on the day. So what has caught the eyeballs on this one is its moving forward trend. You need to map out some areas of support and then you can think of levels of resistance. The first level of support is what people would call it the ideal numbers, they claim would make this chart but it looks the absolute wrong is going forward and that would be surprised.
The purple line movement
You could say up there above $3.45 and if the price falls below 3.45 then the experts are not saying that the entire charts epically destroyed or anything like that but you have the price. This could manage to step well that area would certainly be a great sign of power moving forward taking and taking a step back and look at all this from the bigger picture point of view. But it’s with the purple line there comes into play the 5.0. Simple moving average keyword being moving so as time goes by that line is going to move higher and higher which is very helpful because when it comes to just gauging the health of the overall move that right there.
This is how people are defining quote-unquote the overall move. People just want a purple line, as long as the price stays above that line as align itself moves higher and higher than the bulls run full health. The Bozeman full control happens must visualize that it is what is going on sure stand up above that level would be great but from the grand scheme of it all as long as the price is above that purple line the bull is 100% on the chart.
As far as levels of resistance are concerned, the main level to watch going forward going to be right up there in about 4.05. Then a 4.05 can be broken you do technically have level resistance right there on $4.20 but It means a good high volume break on 4.05 in general opinion you are not guaranteed but you can think anybody would be shocked to see a high volume break of 4.05 you know lead to highs up lows even the $4 and 20 cent mark.
So we’ll see what happens with about any angle you look at things. Biologics Inc. (NASDAQ: ADMA) has fantastic volume very nice price movement and not just a question of candid price building on this momentum moving you will be seeing a lot of improvement in the future. You can find more stock news at paper trading app.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.