NTLA Price Boom- Is It Coming to an END???

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Intellia Therapeutics, Inc. (NASDAQ:NTLA)

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NASDAQ:NTLA Intellia Therapeutics, Inc.

For anyone who has been holding this for months congrats you have made some great profits in this stock. As you can see there is a Head and Shoulders pattern forming, and for all those TA's out there you know it spells a potential reversal. Biotechs as a whole have enjoyed a nice boost in price mainly due to significant breakthroughs in science as well as all other sectors under-performing. Now that $DJI is getting it footing back at 50MA I believe the spotlight will dim in the coming months for biotechs. So for me I am going to ring the register, and see where the sector goes.

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A very volatile right shoulder is only further proving my point

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Still waiting, and a break through the ascending trend-line is going to be very bearish. Overall I expect this stock to correct for the next 1-3 months unless something unforeseen happens.