Talon
Long

EW Long Opportunity after Weak Guidance Causes Gap Lower

BATS:EW   EDWARDS LIFESCIENCES CORP
59 1 0
EW had a weak guidance forecast that disappointed investors and caused a gap lower, I am expecting a rally over the next couple of days to fill that gap by the end of the week.

EW has long term technical horizontal support at $62.50 that has held well all year and held again today. A bullish case can be made for the stock as it has made higher highs prior to the late October sell-off, and has failed to break for a lower low.

Take profit would be at around the $64.50 level and stop loss at $61 if there is a clean break of horizontal support. R/R is not exceptional at 1.26 and is considered a risky day or two trade for those with a high risk appetite.
I agree. Similar setup to BIG. We'll see what tomorrow brings.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out