case 1. test dubble top break out follow call 299.30 cut 299 exit 317 (trend line) case 2. wait and see follow break trend line 317
Biib break out triangle. price maybe rise up to close gap
U can wait price to push above 304 area if that 16% measured move has a chance to achieve. It really looks strong from here but requires confirmation. The bottom bullish triangle has a good chance to achieve its measured upside move but the risk is also very high. Take small position to avoid unforeseen shocks. Real-time alerts try www.2waytrading.com
BIIB is coiled in, and has broken out in my humble opinion. $400 target.
Needs volume for breakout but looks good and has room
Biotech is all the rage, I'll play for a quickie short on this once it gets to 412ish, provided it puts on a reversal candle of some sort first.. It'll be highly technical, you have to be very surgical, it's like picking pennies in front of a train, it's like cheating death, and me likey. A better way to play this is to sell some call spreads once it gets to 412...
After completing the bearish bat (green) to the tick possible bullish shark and bat completing at same level 280.83 for along, if the PA reaches that level.
I would not call it a short yet after todays almist 2% run for the markets, but i am not playing this long either. It went out of a long term trend, just like about everything im watching. Markets should be making a bounce, but if it fails to top the previous high, it will be a H&S pattern and won't lead much to anything. This is a big player, and so is ALXN that...
Symmetric Triangle brake_out. Wolfe Waves 5 potential. Broke 200 sma. OBV has broken the uptrend_line. RSI bearish. MACD cross_over. Under 0. Target_1 : 300 Target_2 : 292 (1-4 Line)
The upper boundary of the cloud can serve as a stop line.
The lower boundary of the Cloud is a good level to place the stop order .
The movement may continue up to the upper border of the channel.
EMA 50 now serves the same support as before EMA 200. That is why, now stop line can be moved there. Here we must note that the picture is becoming more positive. The Ichimoku Cloud is no longer resistance. Finally confirmed the trend line and the pattern "a Cup with a handle".
Low volatility means that the stop is near.
$273 horizontal neckline. $IBB $XBI