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MYL

MYL - Worth Keeping on a Watch ListThe weekly chart for Mylan has broken out from a bearish trendline this week. We can see from the VPVR that there is not much volume resistance at these prices either. There is also a bullish divergence on the RSI. Relative strength has begun to improve too. The price still needs to clear both a 50-EMA & 200-EMA & bulls would want to see a golden cross occur in the future. A lot of hurdles left for this stock to get over but this may be a name worth keeping on a watch list at least.
MLong
by Chartimistic
MYLyellow lines are good spots to buy, youd set an order front running price on the yellow lines if possible. but anywhere in the yellow shaded region is aight. orange dotted is the stop loss youd wanna bail at. purple zone is good target range to cash out. purple lines a spot youd wanna frontrun a sell order a tad below. Probably would wanna take profit pretty early in that purple zone to be safe, if it heads up that high. huuuuge sell off recently regardless, pretty damn safe spot to buy, stop loss is pretty close below and theres a good chance itll pop back up a solid bit since it fell so fast, even if that retrace up ultimately turns into a reverse way lower. Sell offs that sharp generally have to take a breather at some point.
MLong
by ellewell
($MYL): Mylan weekly basis: bullish wedge in development$MYL after the earnings release has lost ground: investors actually pushed back the price yesterday with a massive bearish candle over -6%. Although the picture for generics look less positive than expected in the years to come, we should consider that demand for such goods is always "on" and today's prices (for these companies) are keeping such trend embodied. On a weekly basis, MYL is developing an interesting bullish wedge by using the hystorical downtred of 2015 as lower edge. The day before yesterday we reached out the price needed for drawing the upper edge as you can see in the chart. Interesting opportunity would be buy and sell within the edge right now but keep in mind that the wedge is almost complete so new buy opportunities will be there once the price will get out of it. A confirmation of such trend has been seen the day before yesterday: massive panic sell followed by massive buy: in a day we have touched the two edges with a distance of 9% roughly in between. This is important also to fix SL and TP if you want to enter right now.
M
by TRADOMICS_
MYL a buy opportunityAfter the breach of the multiyears downtrend prices have jumped till 47.68 dollars. We have seen a retracement according to the uptrend in progress. The price level around 39-40 is a stong support where a long can be setup. SL can be put a bit lower just underneath the MA 200 at 38 dollars. MA 200 is still under MA 50 and MACD is crossing over for a bullish setup. On top of that, price has reacted promptly after the NASDAQ sell off the day before yesterday.
MLong
by TRADOMICS_
MYL setting up for bull runMonthly Close above 38.15 will be progress on bullish change on monthly chart. DMI -DI still up but ADX has been trending down signaling trend weakening TRIX moving up but still below 0 Stoch coming off oversold readings and trending up Weekly Price has been consolidating since July of 2016. However, a buy trigger was signaled on 5/8/2017 at 38.94 and price has held at this level. Indicators are turning bullish. Daily Initial and primary buy signal at 35.59. With Friday's close, price has broken out of daily consolidation and indicators are bullish. A follow-thru on daily chart in the coming week will lend more credibility to the bullish bias. Bottom Line : On Monday's open, if price moves up, a buy could be triggered here with a SL at 39.30. If price continues up this week as follow-thru, then month could end with a buy trigger if +DI crosses up over -DI on DMI
MLong
by mxb1961
MYL - 2nd opportunity to open a Long positionMYL rose from ~$25 in 2012 to ~$80 in 2015 with a 12months re-accumulation period in 2014. This re-acc period generated a price potential of ~$90, potential that has not been reached. In mid 2015 the stock went through a short, 3 months, distribution phase that generated a price potential of $36 (a down move) - this target has been met in late 2016! Starting rom late 2015 the stock is in an accumulation phase trading at a Trading Range between $35 and $55/ Two Springs, in Oct and Dec 2016, signal the beginning of a potential up-trend. The Springs are part of a narrow trading range ($35-$40) that generated a price potential of $54 - the top of the larger Trading Range. Price broke through the narrow trading range ($40) on Feb 13th - this was the 1st opportunity to get into a Long position. Price continued to rise to ~$45 and has since corrected down to ~$40 - the top of the narrow trading range. A price reversal above this level will create a 2nd opportunity to get into a Long position with ~$14 price increase potential in the short term. A further price target is $70.
MLong
by PinnyC