Long

SGEN Bullish Divergence

As indicated on the chart, SGEN entered oversold territory at the end of October which was immediately followed by a Bullish RSI divergence. We can see that price just bounced at support line that has been holding strong since May and at the same time we received a bull signal from our MACD. SGEN is down over 40% since May and considering the strong bullish indications I believe this is an excellent buy opportunity.
bouncebuyChart PatternsmacdivergenceOscillatorsperfectentryRelative Strength Index (RSI)rsidivergenceSGENstrongbuySupport and Resistance

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