Analysis of $BTK

This chart shows that we have a possible 5 waves up into .886 fib level, UBB and test of the prior top. The move up shows divergence. Based on the chart pattern(s), I would not be surprised if we proceed to retrace the entire move up from the 2002 lows. Eventual downside tgts could include the .786 and .886 fib levels.

The weekly chart shows major resistance at the .382 fib level and the 34 ema. IF the current low at the 614.53 level does not hold, THEN I would expect the first downside tgt to be at the PRZ of 575.5 ish. This is where we have prior resistance that could become new support, and it is also at the .382 fib level and the 34ema.

The daily chart shows the resistance a little bit more clearly. The daily chart shows a strong PRZ at the 1) 200 sma 2) 89 sma 3) .382 fib level 4) LIS (line in the sand)