It's the 3rd week and maybe start to feel a little bit improvement in my English speaking lol. We got the following important names that I mentioned in this episode: Mon: HAL, AMTD Tue: BIIB, CMG, KO, V Wed: T, BA, CAT, FB, PYPL Thur: GOOG, AMZN (no time for MMM, INTC and SBUX ) Fri: MCD So many want to talk about but I only got 20 minute in this video, hope...
Take position 223.05 Stoploss at after 222, Take profit 228 if that breaks, switch to short and ride it to to 205. But PE is really low for a bio stock,fundamentally, it's good value. If we get a rally again in the market and sector(LABU) continue to push. this will probably go sideways.
BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 100% fiboancci extension) where a strong drop might occur below this level pushin gprice down to our major support at 310.07 (horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might...
BIIB is approaching our first resistance at 358.10 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where price might drop to our first support at 310.07 (61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price.
BIIB is approaching support at 296.13 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 336.68 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 4.4% where a corresponding bounce could occur.
There is more probability of the price down (18.28% vs 16.72%), so I think you should sell. The price is starting to be below the MM30.
.. if there is continuation. Otherwise, watch the resistance levels acting as support. (no position)
Bouncing higher from oversold conditions, expecting further upside over the next few days to weeks, set your own stops and profit targets.
BIIB reconociendo por 3ra vez el soporte dinamico .. StopLoss : u$d 280 TP 1 : u$d 322 TP 2 : u$d 349
Comment into chart First entry point 280 (as it is now) > if this is a "head-shoulders" TP 1 > 297 | TP2 > 302 | TP3 > 311 (SL 276) Second entry point 268 (if bad earnings) > 0.5 retracement + patern D point TP 1 > 276 | TP2 > 285 | TP3 > 297 (SL 264) Ref > > www.barrons.com > www.barrons.com > www.fool.com > swingtradebot.com > www.chartmill.com
Looks to be an ascending wedge. Measured move, target, predicted price path, Divergences, and fib levels included. This week's Biotech Sector Video Analysis: www.youtube.com
BIIB showing good relative strength. I bought 1 325 Dec16 call and sold 2 350 calls for 2.10 debit.
The stock market was hit hard on the BREXIT vote. I believe LABU has now found a bottom. The LABU ETF shows a trend line break and a double bottom. The double bottom seems to be holding. Set your stops there. %R is over sold and recovering. Last time we saw this we had a run to the upper trend line. A similar move this time will bring us to $42. A very nice return...