Illumina (ILMN) advanced over 400% from its’ 2013 cup and handle breakout before forming a bearish head and shoulder top in 2015.
Illumina broke down below the head and shoulder neckline, in heavy volume, in September 2015, and dropped approximately 30%, and has spent the last six months consolidating that drop, and shaking out the early bears.
Over the last...
Dear Fellow Risk Takers,
Here's an update on the ILMN Break out idea.
Updates includes>
i) Confirmation that breakout is now confirmed
ii) New price target
Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014.
Price has risen from around $50 to $180 during this accelerated uptrend period.
As with all accelerated...
Dear Fellow Risk Takers,
Here's a price chart where in one quick glance, it is clear where the price is very likely to trade, going forward.
Regardless, it is still prudent to do our due diligence and work out the details>
Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014.
Price has risen from around $50 to $180...
ILMN, one of the healthcare stock that helps push ETF such as IBB, XLV & etc to ATH has this interesting observation.
Whenever the price makes higher highs while RSI makes lower lows, decent correction ensues.
And there you are, we are having another potential bearish RSI divergence again. I reckon there is still some room for upside before price hit the...
Entering in the direction of the weekly trend. This stock appeared like it made a false downside breakout but that was cleared and probably a strong fall will follow. Check the weekly chart below!
The entry prices are supposed to be at the last price on the chart. The reason for which they are not is that price was falling so fast, until I hit the publish button...
I saw a few of weeks ago a chart of this stock posted by another user, and it looked very bearish. The correction was pretty light, when you have such a divergence on a double top heavy corrections follow. I believe that shorting this stock is the way to go. The double top is still there, the divergence on the MACD and FI is still there. The pattern on the Weis...
