APLS Possible Bullish Pennant Breakout

APLS Possible Breakout

Bullish Pennant Breakout

Target = 36


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Good luck, happy trading and stay chill,
2degreez

Trade active:

Started Position
Bought 100 APLS @ 32.93

Comment:

Pharma stonks, blah. I still like the long play here at these levels and I will 'cad' near the 382 @ 29 if needed, based on market conditions. I considered this a high probability setup but it dropped out. This is why starting a positions prior to the breakup or breakdown from the pennants/flags/triangles can be a risky play.

Pretty disappointment in APLS but the news that the Trump administration has identified five companies as the most likely to make vaccines to prevent COVID-19 seems to have create negativity.

According to the NYT the 5 are as follows:
AstraZeneca (AZN), Moderna (MRNA), Johnson & Johnson (JNJ), Merck (MRK), and Pfizer (PFE)

Comment:

SOLD ALL OUT 31.85 -1.08

Covid news and damn I hate pharma. No patience for this one.

Trade closed: stop reached