BCRX Follow Up

Did you set an alert for BCRX? I mentioned BCRX as well last night with a trigger for a potential long trade around $3.90, it has just broken through that level.

 BCRX daily chart with local resistance at the $3.88 level. This entry is also based on a swing trade method for entering long trades. We look for the daily price candle that has the lowest low/lowest high, which was yesterday and go long when price breaks above the signal candle's highs (above $3.88).

 Here's an hourly chart showing the breakout this morning. I'd like to see volume pick up a bit.

Here are some other potential stops, around $3.80 or below the breakout level of $3.88 for a tight stop. ADX, a trend indicator, looks constructive as it is moving up from the 10 area. ADX tends to become overbought with a turn down below 40.