Allergan PLC - AGN - Daily - Sell $290-$300 massive supply zone

424 5 7
Many people "bought the dip" to the 290-300 level from the $340 peak become the new supply here to check any advance. Those buyers are feeling relief after suffering a drop of 20% in a month, but now the psychology will be "Just let me out of this stock at Break-Even" thinking which will keep the stock from rising above this level for at least a few weeks.

The resistance level is clear in the volume pattern too where 295-296 is the zone with the most volume . That indicator is available to pro-subscribers.

Initial support will be in the low volume zones of 277-273 and then the high volume zone at 265-267. Ultimately I could see 254-252 being retested, but let's see how it acts getting there first.

288 last 4pm EST 10/2/2015


4:35PM EST 10/2/2015
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Seems to have slowed down.
Allergan has had a huge run but fundamentally the business is untouchable - imv this stock is a perma long at the right price.

This trade entry literally missed by a fraction of a point -
I like how you read in future on this :) and the levels
+1 Reply
Thanks @2use - Very nice of you.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out