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edumas2
Dec 31, 2016 4:50 AM

$MYL  Long

Description

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.



Comment

Same chart a bit closer.
Comments
gumbtg
Sorry, but what are the green triangles telling us. I apologize, I have little experience with those
edumas2
They are actually Key Earnings Levels. Got those from Tim West suite of indicators on Tradingview. About $20 a month. I only use 2 of his indicators for my style as it is dead easy to see that the big boyz and their friendly algos are fully aware of those @gumbtg, Not sure how you trade but levels are beyond important in my opinion. very best. Eric.
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