NASDAQ:ALXN
I took this paper in my shorts today.
Usually I never watch the news on the instrument, do not read analytical articles, I am not interested in them. I believe that everything is reflected in the price and any analytical report has already been played back by insiders.
However, I came across the idea of this paper today and was surprised someone want to go long with it .
To be honest, I do not see any technical preconditions for long.
Let's find out why:
1. The price broke the support level of 98.75. Tested it and went lower.
2. We've reached a historic level of 94.59. The day before yesterday there was a long retest, it wasn't taken, and why would we have taken it if the shorts hadn't gotten a position yet? ok, going next.
3. Yesterday we can already see a close retest. And then it's obvious that the short players are gaining position.
4. Today we need to see what will be near the level and join the strongest. Judging by the fact that we closed yesterday next to the level, , the strongest may well be the shorts.
5. I see what will happen if we go beyond the level, join the shorts and put a short calculated SL.
No matter whether you take my ideas into account or not, you should trade only at your own risk-on-trade and from your own MM-strategy.
And don't forget to use SL-orders especially now, in a falling market.
I took this paper in my shorts today.
Usually I never watch the news on the instrument, do not read analytical articles, I am not interested in them. I believe that everything is reflected in the price and any analytical report has already been played back by insiders.
However, I came across the idea of this paper today and was surprised someone want to go long with it .
To be honest, I do not see any technical preconditions for long.
Let's find out why:
1. The price broke the support level of 98.75. Tested it and went lower.
2. We've reached a historic level of 94.59. The day before yesterday there was a long retest, it wasn't taken, and why would we have taken it if the shorts hadn't gotten a position yet? ok, going next.
3. Yesterday we can already see a close retest. And then it's obvious that the short players are gaining position.
4. Today we need to see what will be near the level and join the strongest. Judging by the fact that we closed yesterday next to the level, , the strongest may well be the shorts.
5. I see what will happen if we go beyond the level, join the shorts and put a short calculated SL.
No matter whether you take my ideas into account or not, you should trade only at your own risk-on-trade and from your own MM-strategy.
And don't forget to use SL-orders especially now, in a falling market.
Comment:
WHOEVER LISTENED TO ME BEFORE THE OPENING HAS ALREADY EARNED...
Trade closed: target reached