It seems like the impulse trend or uptrend of the stock ends as it forms an ending diagonal on the wave 5, which denotes the ending of uptrend. Now, I'm looking for opportunities to short this stock.
Comments embedded in chart. Looking for a bullish entry.
TEVA has completed wave 3. for more info contact me to pavlicek@roklen.cz
Johnson & Johnson has seen extreme price consolidation since last November. Since they are a highly diversified healthcare company, currency translations affect their bottom line quite substantially. With the recent contraction of the US Dollar, Johnson & Johnson has broken out of a prolonged trading range. If the dollar continues to contract against other foreign...
See notes on chart. Widening Bollinger Bands lead to heavy up-moves before a strong pull-back. Look for significant upside before a crash.
With the new pressure on Bio's upon us I wanted to take a look at a stock I have long liked and especially like at this level. With new patents and a bunch of new drugs in the pipeline it will happen quickly and suddenly. The chart shows great strength as it has held up when others have fallen and I look for a move over the next month to 4.66. All it needs is a...