Looks like SRNE is trying to bottom on .236 Fib retracement. Looks to be oversold for a quick move back to EMA's. This right shoulder should take some more time to form especially if it is a inverse head and shoulders with a big move coming. The green trendline is from a multiyear chart downtrend. A break of this downtrend could make for a nice longer move up .
First of all, let's note that healthcare and biotech stocks have been a subject to a broad selloff, some more than others. The SPDR S&P Biotech ETF (XBI) has declined more than the major indexes.
The bulls say this is a great opportunity to buy Sorrento, citing a reasonable price for a solid, growth stock. Among the near-term catalysts that can boost the stock...
new fresh eyes, but previous charts have already illustrated a much larger H + S pattern
looks like this will take at least until 2019 to see it thru.
who knows, but im bearish on the US stock markets from now till october of this year with a rally maybe end of the year.
lets see how this plays out.
Looks like idea was good but a lot of time I want to lock my profit too soon so the stock was sold at green line withot a profit. What will happened with SRNE will see in few moment.
Write sometning about your psyhology thinking before trade?
This stock is going the right way it has very strong momentum so in me is dobut about my things to be in the market...