Long
Nexium breakout - Internet spaceships ftw!!
Saw a popup alert for Nexium from hacked and thought id try my own TA.
Here's how it looks on the daily. Plenty of upside with price currently testing previous support and resistance. Price is testing those highs again for the 3rd time in an ascending triangle, signalling a good chance of a breakout.
How to trade it if it does break out:
Aggressive buyers can enter on a solid bullish candle holding above 0.00005500. Keep stops tight at 0.00003590 area
Conservative buyers can confirm the breakout by waiting for price to re-test and hold above 0.00005200. Same stops as above
Initial targets 0.0001158
Trail stops on the way up by moving them beneath higher lows. Give it room to breathe.
This is a longer term trade - perhaps reaching targets in April.
Decent 24H volume. I'll be watching closely.
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