abooyaser
عضو محترف - مشرف القسم السعودي
- التسجيل
- 24 مايو 2004
- المشاركات
- 3,425
STATUS: Reverse head and shoulders. Another stock that was a nice winner for us in 2006 and then again in early 2007, CELG had become extended and needed a rest. Over the past 10 weeks as the market advanced CELG faded, forming its current cup base with a reverse head and shoulders pattern formed at the bottom. You often see that pattern form at the bottom of a cup; back when the bear market was ending we saw TSCO doing the same thing as everyone said the market was heading back down. We jumped on TSCO and caught a great gain on an early bull market leader. But I digress. After selling down to the 200 day SMA two weeks back, CELG bounced, then got a nice break higher Thursday on a strong earnings report. It continued higher Friday, gapping again, but after peaking at 62.35 it faded to post a smaller gain. As the market faded late, no wonder. We are looking for a bit more fade to start the week, say down to support near 60ish. Then on a bounce back up to continue the breakout we move in and look for CELG to provide the drug for some of those sell off blues from last week.
Volume: 6.852M Avg Volume: 4.257M
BUY POINT: $60.88 Volume=5.5M Target=$69.95 Stop=$58.78
Volume: 6.852M Avg Volume: 4.257M
BUY POINT: $60.88 Volume=5.5M Target=$69.95 Stop=$58.78
سهم من العيااااااار الثقيل
مسئولية الشراء والشرعيه عليك --- اليك التشاااااارت --- بالتوفيق
