WadeYendall

ILMN Long above box.

Long
NASDAQ:ILMN   ILLUMINA INC
Consolidated at highs. Long above box to targets.
Comment: Back up above the box. Could get a short push here into earnings

Comments

So if it moves sideways for a week or so, position should be closed? Or 1W is just a general guideline, meaning short-term trade?
Reply
WadeYendall bizoni79
@bizoni79, I usually close on a firm daily close below the box I draw. I do no like to hold through earnings which are coming up next week.
You will have to assess your risk but I would definitely would be out with a close below 376.63 which is the prior week's low.
Challenging one as it it just barely made a daily close above the box then fell back in.
Reply
bizoni79 WadeYendall
@WadeYendall, wow, thanks for such detailed explanations! I appreciate it.
Reply
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