3 months with the same resistance. Despite the price is above the 30MM yet, You should put a stop loss in the support $96,92.
Blue line: Channel on weekly Red line: Daily overall pattern Purple: Daily Micro pattern Its been in an ascending wedge for a while now; I think this is ready to follow the blue line and make a slow descent towards 80s
$BMRN clearing major weekly resistance. Just closed above. Watch for confirmation.
Stock in 2.5 year consolidation base.
Looks like stuck in coil with indicators at week, 1 month, and 3 month still not showing upward trend. Possibly coincides with april/may convergence. Look for break above $100.
Biomarin Pharmaceutical (BMRN) is in a huge triangle pattern with double bottom stochastic divergence on trend line support. I highlighted recent divergences and you can see the kind of move this stock makes off of the signal. Be patient, and get in on the way up. Buy: 84.23 Target: 86.49 - 90.14 (2.69 - 7.02%) jbzstocks.com @jbzstocks
Gartley completion @ 92.49 - watch RSI or HSI on 5m chart. detailed charts: bit.ly
Price thru resistance, FDA priority review, 50 day in range.
www.tradingview.com This stock have been following a trend line for a long time. I don't see why it should stop. Stock oversold, and price at SMA200. As always. Target is floating and not set. If the trade is successful, I will close once it hit's SMA200 again.
As we saw by price action forming head and shoulder pattern.. as well as the price is below a strong resistance zone.. close below 91.20 should take the price to 161.80 retracement level.