This is a serious base forming that is tired of being so low. Just from the technicals and the crossing of some pretty significant moving averages. If we can get a close above 39.68 with some volume in the 10 -12 million range i would confirm a nice consolidation breakout.
Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a nicer pull back for the right shoulder to fully form.
If I get the pullback I would like this setup:
Trigger: 38.50
Stop: 36.38
Target: 43.40
If not I will look for a volume breakout and come up with another swing setup
Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a nicer pull back for the right shoulder to fully form.
If I get the pullback I would like this setup:
Trigger: 38.50
Stop: 36.38
Target: 43.40
If not I will look for a volume breakout and come up with another swing setup
Comment:
Looks like mylan moved exactly like I wanted it too. Hopefully a pull back is coming