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Galapagos Has Peaked, Nowhere To Go But DownGalapagos announced today a large investment and a 10-year deal with Gilead $GILD. The stock gapped due to Gilead buying 10% of Galapagos at $158/share. However, when stocks gap up on investments at a premium price, they almost always fall (see $MGI, $ARWR) An analyst at Raymond James agrees, saying he believes $GLPG stock has now fully realized his price target by achieving his core investment thesis. As terms of the deal, $GILD has promised not to increase their stake in Galapagos for another 10 years, so a buyout is off the table
NASDAQ:GLPGShort
by behindthebid
1
Sell Broadcom on this Symantec Acquisition, $20B Down The TubesBloomberg broke the news on Wednesday July 3rd, 2019 that Broadcom is in talks to buy struggling Symantec. This is a terrible idea on many fronts and $AVGO closed down 3% on the news. I believe that investors do not want this semiconductor company to waste $20 billion on a cybersecurity company (and why pick the one that seems to be struggling the most?). Certainly makes sense that we head lower over the next few days/weeks. A few references: AbbVie buying Allergan - stock closed down 15% Salesforce buying Tableau - stock closed down 3% (but it hasn't dropped further)
NASDAQ:AVGOShort
by behindthebid
This week we might close with equal BUYERS and SELLERS.After all the positive weeks from Mar & April we now came to a week where we are equal buyers and sellers. Keeping it simple, not using technical terms much, I want to say that, this week we closed the candle with equal red and green. So when this happens the following week will either spike up or spike down. What do you think, comment below. Now looking at the trend we are still making green candles and RSI shows that this week we may fluctuate between support level and resistance level. But i believe it will not come down 7400 level. What I would do now is, open the chart and try to look at MACD strategy for buy signals and wait for sell signal. I am still bullish as i see all green candle weeks. Make a strategy today for short trade between support level and resistance level for this week and coming weeks. Thank you.
by rafipasha
1
$ETC One of the Lowest Volatility in 2018 Agains BTC MarketIf you are an intra-day trader or shorter time frame than mid-term (around 1-3 months), ETC is not yours to trade. ETC proved itself as the lowest volatility in price against BTC. Which in average give return 25-40% between the top and bottom through 2018. ETC is a fork of Ethereum which promising about more stability bla-bla in blockchain network. It's glory day was March 2017 and totally ended in November the same year. Right now if you're looking to hedge your Bitcoin, ETC probably your second option except Bitcoin itself. For short-term time frame, looking for RSI level to get downward and touching my surface of latest-support-level green box. I really can't count on MACD as it shows a really flat movement right now. But my Ichimoku cloud indicator looks bearish AF.
Short
by blockchaindedi
8
Popular Opinion: $TRX Short Idea303 sats - 320 sats is a major support at this display. We're looking for btc retracement after it's recent gains like 5% in after it dumped hard from $7200 to $6100 level. I'm more bearish at this level and wanted to short. I will close position with 320 sats level and will be wait and see if it happened wether it will go up or will break down to my final low box right there. Why it has to be so? I heard rumour about ETF delaying which can be the reason it lead to another big retracement for bitcoin, and of course will be followed by alts. We're still in bear season remember? Trade safe.
Short
by blockchaindedi