bossmodetrader

Clovis Oncology - Possible bottoming formation

Long
NASDAQ:CLVS   None
CLVS has been beat up for a loooong time.

On a 3 hr chart it appears that we are seeing a bottoming inver H&S formation. Company also is making positive news about Rubraca that just met the primary endpoint of significantly improving Progression-Free Survival vs. Chemotherapy.

Completely a momentum based trade with a tight stop loss.

PS Never ever take any of my posts as financial advice.

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