anand_swamy

Only one way for Biocryst to go from here!

Long
NASDAQ:BCRX   BioCryst Pharmaceuticals, Inc.
Biocryst has fallen out of its wedge a couple of days ago. Since then, it has hit bottom resistance of $2.56. There is strong support there as we can see in late 2019, it held up the stock. It may make the same move as then where it hits $3.20. It will come at it with more force though and potentially break it. First, it has to break the first resistance at $2.76. It will likely take 2 tries and on the second one it will probably head straight to the $3.20.

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