Trend-Lining @ -99%, Annualized

Is biotech about to go ‘flat-line’?

It’s not just biotech.

As The Maverick of Wall St. presents in his latest video, linked here … the entire market is poised for its next leg down.

In that video, estimates for that next leg are anywhere from -30% to -90%.

Fate Therapeutics FATE, Daily

FATE, is one of our ‘three amigos‘ of the sector, SPBIO.

The daily chart shows a confirmed, multi-hit trend line that’s declining at over -99%, annualized

FATE, isn’t the only one in the ‘- 99%’, crowd

TWST, is also trending lower at -99%, and BEAM, is running a close second at -98%, annualized.

Summary

Today, Friday (mid-session), is the last trading day before a holiday weekend.

During such days, we typically have an upward (low volume) bias.

With that, there’s still just a bit more trading room for FATE to contact the right side trendline.

Of course, what happens next will be the important part.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279