jangseohee

Potential false break out

NASDAQ:AEGR   AEGERION PHARMACEUTICALS INC
54 4 1
AEGR's downtrend channel price movement started in Nov 2013
Sound like possibility of false break out between 35-36 plus RSI has some upside room to move before hitting the resistance
A false break out would mean channel is respected and price will drop even further down.

Related Ideas

long term:
if price can touch the channel bottom with a strong support
it could be a 20x bagger like what Peter Lynch said
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Spot on
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jangseohee lmsmith
, latest post :-)
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