CELG Inverse H&S
Updated
I'm new to this, and this is my first published trade, so don't read too much into this. I still have a lot to learn. I was looking at the chart for CELG today and noticed what looks like a inverse H&S pattern. The neckline is projected out to around the $95 mark. If the pattern completes, possible sell price of $109. We just had a recent crossover on the MACD which could drive the price toward the breakout. I'm watching the accumulation/distribution line which has been very flat lately despite the rising price. If it starts moving downward we could be in trouble.
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...Nope
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