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Short

Second Bearish Triangle Break or Test Resistance?

By JayBeckner
The former sees Celgene at $115 en route to filling the $109.25 gap. The latter sees Celgene test $121.70. Supporting the bear case: 1) Emerging broader market bearishness 2) Triple top on XBI daily + MACD bearish divergence 3) CELG weekly and daily charts turning lower + MACD bearish divergence + chinks in the quarterly fundamental story + persistent trader/investor bullishness...
https://xdaystogo.com/trades
CELGgapfillmacddivergenceSymmetrical Triangle
JayBeckner

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