Illumina (ILMN) former short position $187 closed at $119.7 upgrading to STRONG BUY going into 2017
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FORMER STOCK CHART
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Previous chart is linked below.
On the weekly chart, there is a massive head and shoulders pattern which just keeps failing to break below the neckline. This was the 3rd attempt at a break below, and it looks to me like this is a clear rejection, again. In theory, when a H&S pattern fails to break, the target for it is the top of the head. However, I labeled a...
