Loaded Buy Order For Valeant Pharma When This Happens...

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I will admit it, I love to buy and sell shares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX). It always intrigues me to dabble in a stock where there is so much gray area on valuation. Some of my biggest gains have come from this. Anyways, I am loading a buy order on Valeant Pharmaceuticals for when it breaks the trend line shown in the stock chart below. Right now it appears to be around the $22.25 level. The key is, the stock must close the day above this point. When it does, BOOM! The stock has huge upside to a potential target of $32.00. This is almost a 50% move on the stock and it should occur in a relatively short amount of time. Stock chart breakouts are one of the most amazing things to watch. The stock can go from dormant to parabolic within a day. I will keep you posted, but stay tuned and signup free to Verified Investing to get all my live trades with exact entry price, stops and targets.

Hi Jenny,

This was a nice downtrend and the two massive candles down followed by the even more massive green candle for the breakout indeed looked powerful, where would you have put your stop loss? i probably would have gone below congestion in $21 zone. Thanks, I have checked out the pros on verified investing and am impressed by the numbers u guys put up, alot of the losses are larger in % than i would expect but the win rate is also high, have you found that you have to let them have alot of room or do the winners usually go green immediately in your experience?
where are you name now?
might be ready now.. check my post
@Rlandron, valuable comment, thanks lol. Here is my verified performance: Where is yours? ;)
seb.c2s jenny_rebekka
@jenny_rebekka, still waiting for $32...
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