ECTE round bottom setup and catalyst swing trade
This is a catalyst swing trade. ECTE is expecting an European approval decision on its diabetes medical device around April 13th. The chart looks ready for a strong move north. The key level to watch is 3.31 After testing the lower bollinger band a few times and establishing a bottom, Friday's volume confirms that the stock is ready to break the upper bollinger band and exit the accumulation area.
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