HZNP - medical sector
24 is a clear resistance level.
on a monthly graph as well as on a weekly graph, a number of touches can be seen at this level.
the trading volume is currently not high so the idea is to let the stock correct a little (meaning, we can also consider at that point some short play of around 10%) and follow the development of ...
Hi guys. This one is another stock that I think has potential, especially in the light of what is going on with LABU these past few days. In my humble opinion HZNP has entered the low resistance zone and might reach my modest target soon. Please take care and stay safe and medicine free.
HZNP forming a complex head & shoulder. Money-flow is falling sharp & EMa crossover. We think it may decline up to 8.
We are considering Nov16- 14 put currently $1.75
You can check our detailed analysis on - in the trading room/ Executive summery link here-
Time Span: 9:20”
Trade Suggestion Date: 28/6/2016
The Stock is testing again the support line at 16.38$ , third time.
Normaly third time the charme :o) .
I will wait to see if the trend is down or up. Regarding the stochastic indicator decision. It is difficult to tell if the stock is
going to drop or rise.