tomchen73

$IONS would most likely drop down on 10/3 towards 46.x

Short
NASDAQ:IONS   Ionis Pharmaceuticals, Inc.
$IONS is in distribution within a range. Not it is falling across middle BB. Given recent price pattern /movement, it is very likely to continue the drop to 100 sma on daily or 20 sma on weekly (around $46.3).
The 200 sma does not seem to interfere with price actions much.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.