CELG
CELG: Pipe TopCELG
Pipe Top appeared on weekly scale. It may be a bit too late in the game to play this one because the price is already pretty close to the target price but a few more days profit may be worth considering it.
thepatternsite.com
thepatternsite.com
IBB- Speaking Of A Pullback To Multiple Supports?4-2 Speaking of a pullback to multiple supports?
As long as this issue stays above the blue
support lines all is well. This level also
happens to be near the 50 day SMA.
If you like these kind of chart set ups
don't forget to follow me here or on TWTR at
@AmazingPatterns
For educational and informational use only,
these are not recomendations , trade at
your own risk
celgene new 52 week hidhs? click for chartHello Traders,
Yesterday celgene got news after hour. check for it
MACD cross bullish
2 resistance need to break for new 52 week hihs
124.16 and 125.38
than we will see new 52 week highs
on Friday celgene wil traded on s&p
REGN- See How Important The Use Of Trend Channels Are? 10-30 For those interested in buying support,
especially know considering how short term
extended things are these days. Its all about the blue line.
It also helps define ones entry risk here. If buying here
you are buying 20 points away from a support zone
(thanks anyway I say). Given this issue is tagging a
trend channel resistance zone? That is all the more
reason to let them come to you in the form of a pullback.
After all to a chartist the adage of buy support and sell
resistance is a classic mantra isn't it? Even more so
when you have an issue that just tagged the trend
channel resistance zone. Sure its pulling back but still
needs more chart time. This chart is also a good
example of how the trend channel keeps you away
from going long at the wrong time and AFTER a run
has been made already.
The use of trend channels are your best friend.
Not only do they help you manage the overall
trend they keep you from getting emotional at
key levels. At resistance? They keep you away
from that dreaded fear of missing it AFTER you
already missed it emotional trade. At support
they keep you away from caving into fear and
selling at a support zone.
For informational and educational purposes only.
These are not recommendations. Trade at your own risk.
CELG- What's so special about this level?10-28 What is so special about CELG here?
See that red line? Its a form of resistance.
For me it says don't get sucked into buying it here.
The first thing I do when I look at a chart is? Ask
where is support. I need to know (and so do you) what
my risk is whenever I buy a stock. Support zones
help you define your risk, meaning if I buy here and
it pulls back where can it pullback to.
For informational and educational purposes only. These are not recommendations
Trade at your own risk.
Is GILD building out a bear channel for future shorting purposesOne look at GILD (and CELG and IIB) are showing pretty much the same pattern that MAY be building. And yes its a bear channel that we'd like to see build out for shorting purposes. That and an upward move to some resistance zones shown, but the market is the boss and its going to do what it wants to do. The market is the boss not us. If the pattern builds out it builds out. As with all I do its real simple, no pattern no trade. These are not recommendations, strictly for informational and educational purposes only.
IBB, GILD and CELG - Is this where we see a bear channel build? As you can see this issue has broken its green uptrend to the downside. Now its all about whether or not this issue and those who look like it (CELG, GILD) build out bear channels (orange) and then break to the downside once they complete a bear channel. Later today I'll be posting more charts that look like these so stay tuned for more.
These are not recommendations. Strictly for informational purposes only. Do your own research.
CELG has been good to me, but now it's time to reevaluate.It's time for a pullback, a minor one, won't be more than 5%. It'll probably bounce from 155ish, complete the right shoulder, while the whole biotech sector taking a breather (BIIB jumped from 280 to 320, GILD climbed 20% in 2 months), then we'll make some all time highs.
CELG wants to Part-ayCELG went into WITSEC last week due to the uncertainty surrounding its patent fight with Natco, the Markman hearing report came out today, I don't know much, well, anything about patent law, but ISI analyst Mark Schoenebaum, a very prudent and credible analyst in my opinion (helped me make a sht load of $ off GILD) said the result looked "OK", which is good enough for me.
I'll probably disappoint you guys because I don't know much about figuring out entry point and I don't pretend to know. What I do know is don't be afraid to buy high and sell higher. So long term investor shouldn't miss this opportunity just because they want to wait for another pull back. For traders, you might've missed the first half of the recovery, but there's still some room to run, and I don't see anything keeping it down in the forseeable future. CELG has a PEG ratio less than 1, and a very diversified drug pipeline (just check its pipeline on Celgene website).
A caveat, Gilead, the bastard that dragged the whole bitoech sector to the mud 2 months ago, was in the red last Friday, partially due to Sovaldi prescription, but it was also because its pricing practice was under scrutiny again. This is all too familiar which is why I'm neutral (I bot some shares at 145 and bot some July DTM calls 130 at 20 last week, sold all my shares today but kept my calls), or maybe I'm just being paranoid, but again, you can never be too careful in this market.
CELG looks ready to make move lower This major cap biotech company borke its major support at $150.
Now it acts like resistance.
ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET)
IBB (biotech ETF) looks very weak.
