Interesting lil' chart with Mylan.
I put a few yellow circles to show where there was support/resistance before. The wavy pink line is the 30 weekly EMA. As good old Sam Weinstein used to say: be careful going long under the 30 weekly EMA.
This does not mean that it can't jump any higher but the is a chance that taking some profit near that line or the dented red line might be the right move. The market is pretty tricky these days. Making 2 quick bucks on a stock like this is not too bad.
The tick red line is the POC- Volume Price.
The blue lines from Tim West (option levels) also seem to offer some nice support on top of that.
I put a few yellow circles to show where there was support/resistance before. The wavy pink line is the 30 weekly EMA. As good old Sam Weinstein used to say: be careful going long under the 30 weekly EMA.
This does not mean that it can't jump any higher but the is a chance that taking some profit near that line or the dented red line might be the right move. The market is pretty tricky these days. Making 2 quick bucks on a stock like this is not too bad.
The tick red line is the POC- Volume Price.
The blue lines from Tim West (option levels) also seem to offer some nice support on top of that.
Comment:
Same chart a bit closer.
