ALNY Long Flagwww.tradingview.com
If i am right, there is a flag pattern showing up on this stock. I am new, however, so plz comment your thoughts.
0HD2 trade ideas
ALNY - Downward channel breakout long from $87.07/83 to $97.93ALNY started its uptrend as a beautiful fallen angel pattern, and now seems breaking out of a downward consolidation channel. Moneyflow was strong & agin gaining its strength.We like this as long & we think it has huge upside potential.
* Trade Criteria *
Date First Found- August 22, 2017
Pattern/Why- Downward channel breakout long
Entry Target Criteria- break above $87.07 or pull back to $83.00 area
Exit Target Criteria- 1st Target $97.93
Stop Loss Criteria- $79.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALNY -Flag formation long from & breakout Momentum Long ALNY just broken out key resistance label. It been following technical pattern from quite a while & seems ready for another technical run. It has significant insider buying. We think it has good upside potential
* Trade Criteria *
Date First Found- June 21, 2017
Pattern/Why- Flag formation; Key resistance breakout
Entry Target Criteria- Break of $85.13 or pullback to $80.33
Exit Target Criteria- momentum
Stop Loss Criteria- $78.12 or $79.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ALNY retraction patternALNY showing signs of an elliot retraction. This is further confirmed by the choppy peak and the fact we're trading well above the "trend line"
Position: SHORT
Price target: 47.72 (.382 with some cushion)
Stop: 52.80
Logic: Elliot retracement, fibonacci retracement, trading above its trend line
ALNY ALERT - ANNOUNCES NEW PUBLIC OFFERINGI hesitate to take on the almighty biotechs, they have great products coming, but prices may be ahead of themselves.
At the top of this once in a generation bull run the biotechs are the most exhuberant sector. They will be the last to fall. Some of them will succeed but many will fail. ALNY has had a good run but with earnings of minus, yes minus - $371 million they announced a new (additional, not initial) public offering to raise an additional 450 million $. This puts allot of pressure on the stock price as seen in the action in todays chart. Just something to watch for a potential short op. Let's see if in bounces or not. I would imagine it bounces some, if it rolls over then drops thru the bottom of that candle it will get interesting. Whatever it does there will be some trading opportunity...if theres enough vol.
Runaway Gap Down, Moved below price channel and trendline, Dropped below Ich Cloud, Strong Vol decliner, Fell below lower BB, Declining chalkin flow, CCI sell signals,...etc.etc etc If that dosen't come up on peoples radar I don't know what will. Do your due dillgence, there may be an opportunity here. Oh yeah insiders have pulled plenty out of this one. On their behalf they have skills and have formed many alliances with established bio/pharma firms.
