MysteriousPersian

Celgene, A teller of tales

Short
MysteriousPersian Updated   
NASDAQ:CELG   None
Notice Impulse waves happening over years at a time on a very solid decade cycle. Solid double top with breakdown.

Looking for the next big recession in the next year or two. That being said I'm looking for a stock melt up that im almost sure will happen. Many stocks may see big bull-runs before finally entering the bear market.

For Celgene, this melt up might make the stock see a correction to $100 dollar level before a continuation of the current downtrend.


Short term long, but long term short. wrap that one around your head ;)
Comment:
Gonna change my target for this one. There's a good chance this one retests $130 given how fast the current retrace is happening. Happening over another year, that is an insane ROI!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.