Below is an analysis of the stock price action for Better Therapuetics (BTTX), Blue Water Vaccines (BWV), (SOPA). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
Better Therapuetics (BTTX)
BTTX made a squeeze over the 2.25 level but ultimately trade and closed the day weak. This was a technical play on continuation from last week, so without a real catalyst, price might consolidate between 2.25 and 1.9.
Blue Water Vaccines (BWV)
BWV saw a technical play as a continuation from last weeks momentum. The break of the 4.15 level gained attention of plenty of buyers, as well as a possibly squeezing some short positions. A consolidation at 4.50 led to a break of 5 on good volume. That move ultimately squeezed more and reached a high near 6.20. Since it was a technical play, there was not much follow through on the backside of the squeeze. It retraced significantly back to the 4.50 level.
(SOPA)
SOPA gapped up today on news after about a month of down trend. It got near 3 but never really made a serious test for a break. Volume faded significantly in the later half of the day with a few break downs and overall retracement. It appears to be on the weaker side after that and will need a lot of volume to get an up trend for tomorrow. Definitely still one to watch this week given it's history.
Recap
| BTTX | BWV | SOPA |
|---|---|---|
| Shares: 10-25milIndustry: HealthcareCatalyst: TechnicalATR: 0.25 - 0.50Time Frame: DailyBreakout Level: 3.05Resistance: 2.5Breakdown Level: 2.25Support: 1.9 | Shares: 10-25milIndustry: BiotechnologyCatalyst: TechnicalATR: 3.00 - 5.00Time Frame: DailyBreakout Level: 6.1Breakout Level: 5.75Resistance: 5.5Support: 4.5Support: 4.1 | Shares: 0-5milCatalyst: Positive Company NewsATR: 0.25 - 0.50Time Frame: 1 MinuteResistance: 3.25Breakout Level: 2.75Resistance: 2.5Support: 2.2 |