N1BI34 trade ideas
$FICO With a neutral following its earnings$FICO posted its earning with a negative under reaction following its release placing the stock in Drift D as price is currently trading on the lower boundary of the projected PEAD Cone.
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Falling from Rising WedgeMay be a good long when descent from rising wedge it complete
There are so many bearish rising wedges on the market but they are mostly in the stocks who have "flown" to the top
Rising wedges are usually bearish. Fun on the ride but not when the consequences have to be paid.
Too much buying without healthy pull backs and those who rode in the wedge for the trip up will eventually fall to some degree
Be safe
Show Some Nerves! What I see...
+ 50ma crossing above 200ma
+ RSI pointing upward
+ MACD is flat and merged
+ Strong close on Friday on high vol. to close above 10ma
+ Last week made all-time high
- 1st Resistance at last week's high
- Low vol. stocks but high price
- Bollinger is wide
- Long lower shadow on -2d
What I setup...
+ Long entry above Friday' high
- Stop below Friday's lwo
+ Target at 1.618 Fib
:: Duration - 1 month
** Comments and Likes are appreciated; New Subscribers got nerves! **
NEUROCRINE BIOSCIENCESNASDAQ:NBIX
Well, friends, I gave you a lot of ideas and food for thought over the weekend. Make the right conclusion!
I suggest u take a look at a very simple picture.
Position set - leap up, position set - and again leap up.
Very simple if u understand the market.
Above the level, I'll go into the long.
Trade wisely!
Neurocrine Biosciences (NBIX) Looking to Breakout HigherBefore a major cup and handle forms, it often forms a half cup or rounded bottom that signals a more back toward former highs. It can be an early entry into a really large move if the stock breaks above former highs, or it can simply provide a swing trade which rides the momentum up into the prior high region.
The target for the trade provides for an exit just below the prior high, since the price may consolidate there. Alternatively, a trailing stop loss could be used in case the price flies through the prior high and keeps going. In either case, the risk/reward is attractive here.
The last patterns like this played out in 2012 into early 2013, and then again in 2014.
Disclosure: Entering long this week, assuming the price action remains strong.
NBIX - ascending triangle breakoutNASDAQ:NBIX broke out through acending triangle, and may now rally up to 120-130 level (Sep18 top), where both ascending triangle target would be reached and C wave would equal to 1.61 of A. There it should find strong resistance and potential double top.
Stop loss: 79.0
Target: 125-130
NBIX upwardHere I shown some nearest NBIX levels.
Yellow notes linking levels and bars which I chose to define lines.
After double bottom it has broken resistance level and went upward. But next level had been reached very quickly as for me. Two false breaks says about this too. Next bar close above this level but I guess that there is not enough power to go further.
So I expect that this will be next false break before it continue moving.