charlesmccann

CELG - decision time

NASDAQ:CELG   CELGENE CORP
49 0 0
Chart is messy since I analyze with 30 min charts typically. Anyway, this is approaching a key decision point. Watching for triggers to go long or short. I'd like to see it get back above the bottom trend line (151) to confirm long. Previous testing at this resistance (148) touched 142 before bouncing back. However, we held 148, so should be a higher probability we are going higher (if the overall market isn't going down). One note, using the TTM_squeeze, the signal is firing short on the day chart and the weekly is in the squeeze. That is the main reason I'm not yet in the position.

On a longer time scale, this is still a stock I would want to be long in, but alas I trade options.
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