IMGN is following a particular pattern that is leading to higher highs and higher lows. 1st it is making a breakout from prior high, then makes a pullback below the support line from the prior high. 2nd it is consolidating there #gathering steam for another move higher. Not a good idea to go long in IMGN at this point because risk and rewards are not in the...
breakout fail, people must have entered in this breakout and will look to exit out as close to as breakeven possible.. short opportunity!!!!
Descending channel break should continue off the poor earnings
it looks like this is just a bear pullback and the downtrend (LT) should continue on ths is one
likely a continuation up week next week after a push out of the high base it was forming
Also posted this during the flag stage
Posted this when it was in the handle stage to look for a break higher
GOOG getting close to the resistance point ..
was hoping AAPL would push out of the box and create another one today
so FB is been rising since its triple bottom with impressive move. This just looks like the place where FB might consolidate for a while. usually does that after a big move like this..
Gold seems to be struggling at the 50% retracement line but its holding up. Likely to break past and go test the 61.8% level soon.
looks like it is headed towards creating a new low here.. HnS break in a triangle pattern
just like $CTXS was on watch for the break until today.. i like Z to do the same in near future