Massive move today on positive drug new. May to be tough to get an entry on this as I don't want to chase. I will be looking for price to consolidate at the highs with good volume. Not interested if price has wild swings.
Read latest news here Now, in the world of healthcare stocks, there are aplenty that one can invest in. My concern is its revenue growth is choppy and its involvement in Covoravirus - is it a long term play or seize the market opportunity thing ?? So, on fundamentals and peers to peers comparison, you may have to dig deeper if you want to invest in this...
FDA meeting is November 6th for Alzheimer's drug
I don't see any impulse patterns here. There is an Elliott triangle that just happened, but this is a part of a correction, hence bearish. Goaling for the floor first in blue, then the two fib targets after that if there is more gas for the downward move. NFA
Hey traders, I was searching for potential pivot points for long call opportunities and I came across Biogen NASDAQ:BIIB and thought to myself "Hey! This looks good!"... that is until I saw they're expected to report earnings tomorrow. But otherwise, take a look at the chart above. One thing you will see...is that its been trading within a range. I highlighted...
ER this week. I think we will retest $270
NASDAQ:BIIB #AHMEDMESBAH
We seem to be inside a pennant, but of course the trendline is only based on 2 points for the top and bottom trendline so it may not be the most reliable trendlines to rely on. Another way to view the big picture of this chart is the demand and supply zones so even if you were to have a position on the trendline you should not panic just because the trendline...
Little bit of a divergence starting to form in the shape of a bullish pattern. I'm long, don't like it really if it starts to trade lower out of this range. $IBB
DAILY MACD: BUY DAILY DMI: +DI CROSSING UP -DI HOLDING ON DOUBLE FLOOR OF A BULLISH TL IF IT CLOSE UP THE OLD GAP RES I SAY 1ST OBJECTIVE ON 0.618 FIB RETRACEMENT ($330) LET SEE. TELL ME WHAT YOU THINK
Possible stop below 274 ABC pattern is only valid if price breaks entry level in a confirmed up trend Falling wedges are often bullish at the bottom and can signal a reversal in trrend if price breaks up and out of the falling wedge..the top trend line of the falling wedge is 288.7 right now On hourly, 274 seems to be an area of support but with abc patterns the...
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