ALNY just broken out key resistance label. It been following technical pattern from quite a while & seems ready for another technical run. It has significant insider buying. We think it has good upside potential * Trade Criteria * Date First Found- June 21, 2017 Pattern/Why- Flag formation; Key resistance breakout Entry Target Criteria- Break of $85.13 or...
STOCKS SHOWING GOOD POTENTIAL $ALNY $ATTO $WTW $JNJ
ALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line" Position: SHORT Price target: 47.72 (.382 with some cushion) Stop: 52.80 Logic: Elliot retracement, fibonacci retracement, trading above its trend line
RSI workings its way up from OS conditions
> 75 and this can run to 82-90 range in a hurry
A break of 75 and this one runs further up
over 200 SMA and flat line R, can do 100 in a hurry
20/50/100 SMA all near "62" spot
bull flag, rising ADX, bulls in control here
HATE to take on the Bios or Pharma but they are the new Gold...(bubble) if they continue to roll over a bit..this one is vulnerable.Has to break below the lower fork line first...within a favorable market context. Do your own due diligence, check the fundamentals.
RSI tagging OS levels here.