SRNE Breaks out of falling wedge
Updated
I loaded up in October last time it took a run above the 9MA and have been waiting for another buy opportunity before running at the wedge it printed. I tripled down on my position and we broke out of the wedge Friday and I drew this chart and forgot to share! I know a lot of people very long on this and I am just here for the short gain in the very near future.
Trade closed: target reached
After trading sideways longer than expected we got exactly what we came for. I took my 100% gains and ran like the wind despite a $35 price target. Overall I am trying to liquidate much of my portfolio to take advantage of some dividend action on sale in the growing volatility of this market.
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