Believe me these dont really work , but it makes lot of them happy
Keep and eye on ALNY once it breaks CUP resistant...
RSI/CCI maxing out here maybe, keep an eye
I hesitate to take on the almighty biotechs, they have great products coming, but prices may be ahead of themselves. At the top of this once in a generation bull run the biotechs are the most exhuberant sector. They will be the last to fall. Some of them will succeed but many will fail. ALNY has had a good run but with earnings of minus, yes minus - $371 million...
Some of these set-ups are looking great after this liquidation
100 holding, 200 SMA @ 110 R
After hitting almost the 50% Fib extension, now back to break-out resets levels.
C&H and now breaking out, 141 first target, 148 if it pierces that level.
ALNY, needs strength in IBB, 133 triggers break-out to 140+.
After breaking the double top, this one forgot to print a handle before taking off, 140PT or possible double top here on weekly. FA pretty rich here.
If this is an H&S pattern with right shoulder developing. This could be the head in a larger H&S pattern with nec near 83. For now target is 104-105 zone... possibly 100. Though Mid BBs is at 111.70 may bounce short term.
ALNY expected to open at 115.50 for a Retest Gap. Watch out for low volume. To learn to trade this strategy for free go to www.RealLifeTrading.com