Not sure why Tradingview is not allowing me to put in all my comments. . .
Pullback
Status: Avoiding taking long
Point system: 1 = meets criteria, 0 = fails or not applicable
Total points: 6/10
Cost basis:
Stop:
First price target:
Technicals:
Horizontal S&R: 1
Channel S&R: 0
MA S&R: 1
Pearson's R >= 85: 1
Price within Fib Ret..62:1
Stochastic...
After stock bounced from resistance that is intact since May 2013 and broke down upper level support @ $76 with strong follow through to November lows.
Now, it is flagging near lows in front of support. With weak Biotechnology sector and market sitting on resistance it could be start of another down leg.
Enter short @ $63.80
Stop above 21 MA @ $66.83
Target...
