BIAF may rise to fill a gap near $14.10 but faces major resistance above $14 without significant volume expansion.

Okay, this is this is a good one. Um this is definitely one that we can watch here. Uh 13. I'm going to skip ahead here real quick just because the chat is talking about BIAF, which we traded yesterday.

Uh this is Bioinity Technologies has had a nice move out of the gate, a move uh beneath VWAP and then a recapture and a move to some new highs. So that was actually not terrible.

Here in the pre-market, we're up another 31% in change. Now we're just beneath the VWAP here at 1296. So we want to look at 1296 round 13 number. Yep, that can make sense here.

I did not see if there was any fresh news on this.

No, it's just a continuation. Yeah, this is just a continuation. You're exactly right. Um, now I think that this percent of float short is probably also off because we have not got a Yeah, we had a 1 for15 reverse on August 20th and we have not got a new print.

Actually, actually, we did. Yeah, but the short interest went down. The float changed. So, the it's still probably closer to 5% rather than 30% with one day to cover. So, I don't know that the short interest is really going to make a big difference.

What's going to make a bigger difference than that is the float. We're now a micro float here just shy of 600K.

Yeah. Um when I look at, you know, at Benzinga's chart, um which is a little bit different from my uh broker chart because it's not split adjusted. Uh we're trying to fill a gap here from uh June. Uh you'd have to look at a a daily chart,

but that's uh that's what the the price is appearing to do right now. And it's starting to get a little bit extended. Um, so I I don't want to say that there's not a possibility that we could fill this gap, which should take us up to about uh 410 1410.

Um, but that's that's about all I see as far as uh, you know, upside goes. We did make it through a little bit of an consolidated area uh, which is also in June and part of July.

So, I think that's that that's the way I would look at this is that there's still potential for a little bit more upside, but once we get uh uh up and a little bit beyond $14, I think that we're going to uh run into some um major resistance.

So, that would be my initial take here. We'll see what ends up happening, but uh I think uh I think you're going to run into some heavy resistance just above 14.

Well, it's when it comes to BIFF, the the thing that I'm, you know, concerned about is just how uh the uh the price is going to react once we get to 14. 14 was the uh the level that I had here uh that that we were getting a lot of um that we had.

I think it was a gap fill. Hold on, let me go back to the daily chart here. Um yeah, there was a gap fill uh that I was saying could uh we could end up seeing get filled, but that fills up at about 1410.

So once we get through that, do we, you know, keep going or do we uh continue to find resistance? It looks like this morning we did uh pop up to 1460 and then immediately came right back in.

So, I still think that 14 is going to be a bit of a tough area. And I'm not saying it's going to reject the price all of morning. But, uh, we're going to need to see some big volume expansion if we're going to get through it and hold above it.

So, that's that's just kind of where I'm at right now is that if we don't get that volume, probably see a rejection of 14. If we get expansion of volume as we approach that level, likely go through it.

It's come down to the VWAP. So, uh, if we hold here as we go into the open, let's let's, you know, watch for this uh, move up to 14. Another attempt to go to 14 here. Still don't know if we're going to break through it or not, but it looks like this is setting up to make another run for that $14 level.

Lion here on BIAF. I'm going to ride BIAF to 20. And if I can get that, it'll be a great day. Stocks at 14. So indeed, that would be a great day. So Lion, you're thinking 20 on that.

Okay. If we get a break over 14 and it holds, then then let's let's certainly examine. So, he's saying 20. Uh let's see here. That would be a Okay, so that would be the massive massive move.

Um it would essentially take out that entire uh June 16th candle and fill the the next gap that's just above it. Um I I mean, you know, I'm not going to say it's impossible, but it's to me it seems like a pretty tall order. So, we'll we'll see what ends up happening.

Uh, BIF 15 this move up. No, it didn't. It's still in the 13 handle, but it looks like it's getting ready to make that push up towards 14.

BIAF looking for support from 65 EMA. probably just shaking some folks out. If we're still going to get that 14 break, we need to hold this area here.

BIAF. Uh, so far this is not shaped up uh very well yet. This is looking for some support. I don't know if we're going to uh get it at this current level. may be a little bit lower, just underneath 11 at this stage, but um we'll see what ends up happening there.

Um we might be getting uh you know a little bit of uh you know life here in in BIAF. It's trying to recapture it 65 and VWAP uh indicators right now but uh volume is not looking that great.

Uh BIAF, this is uh recapturing the VWAP and the 65 EMA. Could we finally get going here to where we get uh up to 14 again? We'll see.