XNCR- Descending Triangle (Short)

NASDAQ:XNCR   Xencor, Inc.
A descending triangle pattern is shown, shorting the stock would be the way to go considering that it has 2 reaction low points. Although they are not exact, they are within reasonable proximity of each other, which makes the pattern valid. I would short ASAP and set an expiration date for about a month.

Price prediction: low $21.00s within a month time period.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.