$120 has been a solid support level for some time now. I'm hoping to buy at $121 and ride it up when it bounces.
My stop loss will be pretty tight at around $118.
I think my target will be $132.
RSI is also about to hit oversold levels.
The only thing that worries me is that the whole chart has made a head and shoulders pattern. Also, the market has not been happy these past few days.
My stop loss will be pretty tight at around $118.
I think my target will be $132.
RSI is also about to hit oversold levels.
The only thing that worries me is that the whole chart has made a head and shoulders pattern. Also, the market has not been happy these past few days.
Trade active:
I got entered into my trade at $122.
Today they won some kind of award for biotechnology.
finance.yahoo.com/ne...alien-110000616.html
RSI is really low. I'm hoping for it to bounce soon
Today they won some kind of award for biotechnology.
finance.yahoo.com/ne...alien-110000616.html
RSI is really low. I'm hoping for it to bounce soon
Comment:
It's looking good so far. I'll set a small target at $132
Comment:
I was not expecting such a huge gap up. I sold some at $137.
I have 1/3 of my position left. I'll put in a sell order at $140 to sell the rest of my position.
I have 1/3 of my position left. I'll put in a sell order at $140 to sell the rest of my position.
Trade closed: target reached:
Well that was fast. I'm out of ALNY for a total gain of about 10%
I'm going to keep an eye on it to see if it retraces. I might get back in
I'm going to keep an eye on it to see if it retraces. I might get back in