$SGEN Trying to break out of its weekly trading range. Cheers to those who got this 135-150 consolidation range.
$SEGN Breakout in 1h Chart on above average volume after consolidation phase All Entry Criteria have been met: 1. Price above 10, 20 & 50 EMA --> Check 2. Consolidation Phase in Uptrend --> Check 3. Breakout on above average Volume --> Check
Buy (Entry Price) above the black line and exit (Stop Loss) below the red line. Can take profit at the suggested Target Price. Entry Price: $140.33 Target Price: $143.70 Stop Loss: $134.69
The PEAD projected a Bearish outlook for $SGEN after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Ususally prefer to wait for ADX but the bottom channel has proven to be a play for quite some time. Tight Stop loss on this one.
$SGEN may be forming the “cup” of a cup and handle formation. I would look to see if it corrects its advance soon to develop the handle.
Got in a little prematurely and added to the position with a cross on the adx and bounce of the confirmed trendline
Looking to take SGEN long with a break of 165, eyeing 12/17 185c for 5.50.
As indicated on the chart, SGEN entered oversold territory at the end of October which was immediately followed by a Bullish RSI divergence. We can see that price just bounced at support line that has been holding strong since May and at the same time we received a bull signal from our MACD. SGEN is down over 40% since May and considering the strong bullish...
SGEN might deep a little lower towards the strong support of 145$ before retesting 165$ and 180$ previous resistance levels. Earnings are in the way (29 APR) it might dip towards 145-155$ and continue towards 180$
As the title says. Thats a lot of Classic bullish divergence and it is on BOTH the MACD and RSI! Lets have some fun here.
Take a look. Here is my crystal ball. I see a buy at $147-155 range on 2-20-21, or at bell on 2-22. TP1 is see at 192 Hold 30 days TP2 $277 Rebuy at new low 210 after that. 90 day target $310. after buy opp at 40-45 days at 210. Follow orange line i drew... this is the trade ranges. Happy trading
And a not so perfect Gartley.. The last leg should have a D at the end. I did this chart a little while ago. The spot is probably D at this point. Idea is to get in at a possible bottom and ride it back up.. Retests of the spot this ends (D) are common so maybe place a safe stop Any pattern can fail.. Not a recommendation
The PEAD projected a Bullish outlook for $SGEN after a negative over reaction following its earnings release placing the stock in drift C If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Buying here with a stop on any close below the 252 day moving average. I am looking for price to head back to the 195 area. SGEN has burned me recently but I am taking another shot at range lows. I like the rate of change divergence.
D can be lower and does not always equal ab..the c leg can go down further so just watching..this could also change direction at a pivot low so just dunno..for all i know it can turn up tomorrow as it is way down today..tempting but gonna watch this one If price stops near the 0.786 of XA, then a Gartley pattern would also be a possibility..Gartley paterns...