Any time this this breaks an h pattern, it goes down quick. One day win or lose trade, pretty risky. Decided to post it anyways.
This is a must own name for long term. Can be great buyout candidate.
Before a major cup and handle forms, it often forms a half cup or rounded bottom that signals a more back toward former highs. It can be an early entry into a really large move if the stock breaks above former highs, or it can simply provide a swing trade which rides the momentum up into the prior high region. The target for the trade provides for an exit just...
NASDAQ:NBIX broke out through acending triangle, and may now rally up to 120-130 level (Sep18 top), where both ascending triangle target would be reached and C wave would equal to 1.61 of A. There it should find strong resistance and potential double top. Stop loss: 79.0 Target: 125-130
Again ideas are for my reference only based on my own observation. Not a fin. advice. (Trying to stay humble)
Testeando modelo Machine Learning
Machine Learning Model 1: Probability (Resultado) win1 80.6% fail1 14.2% Modelo entrenado en una red neuronal.
Here I shown some nearest NBIX levels. Yellow notes linking levels and bars which I chose to define lines. After double bottom it has broken resistance level and went upward. But next level had been reached very quickly as for me. Two false breaks says about this too. Next bar close above this level but I guess that there is not enough power to go further. So I...
NBIX on Friday broke out to 52Wk high and reversed a little. Still closed above the horizontal resistance line. If it can stay abovr 56.50 in coming day or two we might have a clear breakout and can be a good time to go long with a great R/R. RSI are MACD are bullish but suggest a rest might be needed before a push higher.