Long
Divergence + Double Bottom + Inverse H&S + 10emaX50ma&100ma
This is a serious base forming that is tired of being so low. Just from the technicals and the crossing of some pretty significant moving averages. If we can get a close above 39.68 with some volume in the 10 -12 million range i would confirm a nice consolidation breakout.
Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a nicer pull back for the right shoulder to fully form.
If I get the pullback I would like this setup:
Trigger: 38.50
Stop: 36.38
Target: 43.40
If not I will look for a volume breakout and come up with another swing setup
Currently it looks like MYL is forming a inverse head and shoulders. I would like to see a nicer pull back for the right shoulder to fully form.
If I get the pullback I would like this setup:
Trigger: 38.50
Stop: 36.38
Target: 43.40
If not I will look for a volume breakout and come up with another swing setup
Note
Looks like mylan moved exactly like I wanted it too. Hopefully a pull back is coming
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.