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ILMN - Long term bullish scenario confirmed

Long
NASDAQ:ILMN   Illumina, Inc.
I've already outlied in detail the short-term bullish thesis with target 440, as well as the longer term one with target 655; see my previous posts, they are still 100% valid. Yesterday's decisive breakout of the almost 2 year consolidation is just the last piece of solid evidence for the bullish case, and, in my opinion, the nail in the coffin for ILMN bears. You DON'T want to be short this one; as a matter of fact, I may be even looking to increase my exposure. The 200 dma is just starting to turn UP; have a look at the-long term chart and you'll see that this fact alone has always heralded massive gains.

Full disclosure: long ILMN at 1% of total asstes. Will bump it up to about 1.5% today, unless the stock gaps up sharply, in which case I'll wait for a pullback to a short-term ema.
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