ILMN trade ideas
Daily ILMN :- Bearish based on the past dataILLUMINA hit its 3rd all time high, the bounce back are quite promising, a matter of how far it drive down.
Daily iLLuminaBeware of the obvious trend.
Take extreme cautious when it cross 380.
There might be another bounce back before continuing its long journey.
Trade safe and stay healthy.
Bull flag breakoutTraded calls on the first break and again on Friday, this looks good for a breakout even higher. Gap to fill over 340 to 363.66, heavy call volume as well.
BUY ILLUMINA at market openningHey people, ILLUMINA has been rejected by buyers, in this situation he should do a pull back to return.
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$ILMN - Bull flag breakout - Potential target $336Today $ILMN volume was pretty good to break out of bull flag formation. Potential target is $336. If the pattern and price were to reverse then you can protect your trade by setting your SL limit at 20EMA(306.77)
ILMN to watch outILMN seem to be in a consolidation phase at the moment. We should see some price action next week .
HOLD
ILMN Inverted Head and Shoulders targetInverted Head and Shoulders target coincides with the .618 fib and my desire to buy this asset cheap. Upward price action was recently rejected at the neck-line. Should be a great future for this DNA sequencing company. Looking for a lower low and a bullish RSI divergence.
Illumina trade setupEntry level $324 above middle channel resistance.
target price $ 349 just below upper channel resistance.
Stop loss $316.
P/E ratio 44
Average analysts estimate $336 | Overweight
Company profile
Illumina, Inc. develops, manufactures, and markets life science tools and integrated systems for large-scale analysis of genetic variation and function. It operates through Core Illumina segment, which serves customers in the research, clinical and applied markets, and enable the adoption of a variety of genomic solutions. The company was founded by David R. Walt, John R. Stuelpnagel, Anthony W. Czarnik, Lawrence A. Bock, and Mark S. Chee in April 1998 and is headquartered in San Diego, CA.
ILMNSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
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ILMN Well thats and interesting closeILMN looks poised to fill the gap. Watching for break and retest. Might push up going into earnings.
ILMN Breakdown Put SpreadILMN Sold off big time and fell lower, similar to ALGN
Put Spread $282.5/252.5 EXP is September 27th
30 points wide and cost was $9.13
Market continues to sell off and it could move lower to EMA 200 where it may bounce.
Exit 1 underlying price of $252.5 and max profit will be $1050 Time looks good and my preference for this move is around 45 days.
Max loss is $500 USD
Exit 2 is market rally's on some kind of news and this stock moves higher blows through 300 and just complete destroys my original plan.
