After this high had been reached price starts to downward.
But with the nice earing day jumped above high.
This pattern might be a nice false break: first bar closed above 44.51,
second bar opened with a little gap up toward to the day
before close and cloced under price range.
If short, first target price will be 40.40.
So waiting for the next days!
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.
This first chart which starts my practice of determine stocks levels and my attempts to choose stocks for trading.
Now price went down under support line of 25.36. This is the lowest point of two years.
The strong short signal will be appear if next day consolidate under this line.
If so, next goal for stop will be near 21.00, than - 16.00.
If not and we...