Looking to long FIZZ on break to hourly trendline. Stoploss as per your comfort. My stoploss is 52wk low because I can manage my risk by strategically cutting down loss position size or strategically adding to my profit positions.
Looking at the weekly chart.
the climb has been 161.80% from the bottom @ 42.36. Secondly the climb is 88.6% to the top of 57.67. The move up has a 5 wave structure with Y to Z move throwing a divergences in the indicators.
as above 5 wave move, 88.60%fib retracement.
Hourly chart shows 3 wave move down which could be all the correction...
Biib is ripe for short. It has hit SMA200 on the weekly chart. The dialy pitch fork and trendlines are on this chart. The squeeze is negative. Wave C is below zero. Y would I not short this stock.. I am entering short with all I got...