In reviewing previous ideas on here I was stunned to see how many folks called this long. But I guess you can read into a chart whatever you like. Although could be concerned about double bottom, it is very apparent that IONS is doing nothing but going down. I see this as a flag wth potential to seem 48 before it’s done (although 52.5-55 more likely). Either way...
IONS price going up with weekly trend line. possibly buy. wait for retracement. I also watching this one .
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BB starting to tighten. Still sticking within the trading range with some slight adjustments. RSI is cooling off (now 56) and will wait to see if it bounces off the SMA 20 ($55.86). MACD are converging though and about to cross over negative.
Still holding within this trading range near 52 week highs. The OBV is up suggesting a possible breakout to the top. Top of the BB is >$60 which would be a 52 week high.
First time using this. Working on expanding my skills. Looks like an bullish ascending triangle with on-balance volume rising past few days. Would expect a move up based on this daily chart. Resistance has been $58-$58.10s. It is near 52 weeks highs.
Fundamental score of 30 I just love that formation and CLEAR PRECISE trendline. It will get broken soon and fall alot. GL
$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.
Pulled the pin IONIS and will wait for an optimal re-entry. Decision based on price testing resistance, bearish divergence and a 19% gain is pretty nice. I'll re-visit at the bottom of the channel.
IONS: Ionis Pharmaceuticals, Inc. 2018-09-24 07:00:00 Akcea and Ionis Report Positive Data from Phase 2 Study of AKCEA-APO(a)-LRx
Forming by end of day | capturing Bullish reversal after recent downswing
IONS: Underwent a brutal sell off from its highs in Mar 2015 at $77.80 to a low of $19.59 in May 2016. A stock which underwent sell off of 75% warrants a look by bargain hunters. IONS partnership with BIIB just obtained EU approval for a $125K/treatment for spinal disease. This will inevidentably be just the antidote that IONS needs to return to its new highs and...
why did this sell off? Buyers liked discounted shares. 75 YE target