Expected to open between 96 and 97 for a Bearish Gap N Go. Last candle black on the hourly. Learn to trade this strategy for free at www.RealLifeTrading.com
Gilled is an extremely strong company fundamentally with huge earnings growth. Stock was hid with uncertainty with competition or ABBY but their new Hep C drugs should still control 80-90% of market share. Also the retracement off the recent high has found solid support at the $100 level. The stock looks ready for a move higher
Short term bullish. Entry on bull put spread but IV kinda low so entering BPS Dec'14 99 95
A great divergence is taking place in biotech, $BIIB and $GILD are lagging (GILD already down 10% and closed below its 100dma for the second time last week while its 50dma is rolling over; BIIB spent the entire week under its 200dma), while $CELG and $REGN are stalling. Half empty or half full, depends on your philosophy. I prefer half empty at this point....
One look at GILD (and CELG and IIB) are showing pretty much the same pattern that MAY be building. And yes its a bear channel that we'd like to see build out for shorting purposes. That and an upward move to some resistance zones shown, but the market is the boss and its going to do what it wants to do. The market is the boss not us. If the pattern builds out it...
As you can see this issue has broken its green uptrend to the downside. Now its all about whether or not this issue and those who look like it (CELG, GILD) build out bear channels (orange) and then break to the downside once they complete a bear channel. Later today I'll be posting more charts that look like these so stay tuned for more. These are not...
Elliott Waves again plus mini SHS Good story good chart! check story from my last bull case
Yes, yes, I know, this is now longer even a growth story, it's a value play. It has a very low multiple comparing to its peers. I'm sure it has a lot more room to run in the future. But right now, it looks like a sweet short from here.
Pretty straightforward here. Pre IBB correction channel was resumed Wednesday and confirmed today. Placing stops up the lower line. Could see 95.50 range by July 21 earnings.
Bear flag on weekly. 180-190 solid correction