TRADOMICS_

TRADOMICS_ Aug 14, 2018

$MYL: Bullish wedge is about to be completed as yesterday we have seen rising bullish pressure, actually price wasn't able to break out the upper edge and we have seen a sharp intraday pullback (about 3%). Today buyers are coming in, thus price is heading upper edge. Volumes are rising, MACD on a weekly basis turn positive. Test of mid and long term support as...

TRADOMICS_ Aug 11, 2018

Pharmaceutical stocks represents a defensive asset when a positive market cycle is about to finish or when it is foreseen a cycle less positive than the previous one. In such context pharma stocks should have an advantage because of inelastic demand for such goods. Novartis ($NVS,$NOVN) is one of the candidate to break up as the price is moving in a triangle...

TRADOMICS_ Aug 10, 2018

$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....

TRADOMICS_ Aug 10, 2018

Vertex has consolidating the price in a bullish wedge. A key resistence zone is at 178.57, a break out of such edge is interesting because it might pull up the price toward new high records. Stock is under the radar

TRADOMICS_ Aug 10, 2018

Celgene helped by the company's buyback has turned positive after a complicated year. Despite this in terms of foundamentals two drugs are on the way to be developped but such developments will be revealed in the next year so patient is a must for those who wants to invest of something concreate. On a technical point of view yesterday price faild to cross MA 200....

TRADOMICS_ Updated  Aug 5, 2018

in the chart I highlighted the last bounce from the "hystorical support" at 35,40 dollars. I drew also the main downtrend line since 12/2015. This is an interesting point because 2 solid supports pass thorugh it and price is conferming this bullish area. Earnings are expected to come in two weeks but in any case this is a tempting occasion to go long with tight...

TRADOMICS_ Aug 4, 2018

After an intense rally $MU, on a weekly basis, shows signs of weakness quite clear. RSI actually is flagging up a crude divergence, macd is already in bearish mode and the solid trendline which has supprted the trend so far is almost violated. Volumes are low especially last week where the price touched the mid term trendline (another sign that investors are not...

TRADOMICS_ Aug 3, 2018

After a poistive test of MA 200 the chart shows divergence on RSI. Actually the price has been traded ina a triangle since may, MACD is getting in bullish mode and what we see in the chart is a bullish wedge. Resistence between 43 and 43,25, tp1 at least 46 dollars

TRADOMICS_ Aug 1, 2018

Although earnings are releasing next week, the today's session for $BHC will be critical: a trend inversion might be possible on a daily basis, yesterday price formed a dragon fly bullish as the arrow shows. This must be confirmed with a black (green) candle today in order to develop minimum of swing, otherwise there will be no signs for an inversion in the...

TRADOMICS_ Jul 28, 2018

($ALXN) I have already flagged up alexion when price was around 112-115 dollars saying there was a good opportunity for an entry long. Recently we have had an important sign because the price broke the hystorical downtrend since july 2015. We had some indicators overbought but thank to this pullback we can wait for a second entry long position. A suitable...

TRADOMICS_ Updated  Jul 28, 2018

Weekly chart: we have the downtrend channel clearly defined on a weekly basis. On a monthly basis we have already had a minimum of swing with a dragon fly bullish, on a daily chart some signs of an incoming uptrend as described in the latest posts...but tomorrow...tomorrow is where we play the game with the last resistence in place at 86.72 dollars. Once we get...

TRADOMICS_ Updated  Jul 28, 2018

Bearish flag almost complete for VRX toward end of the rebound with high probability. Supertrend and Volatility stop in bearish mode. MA 21 almost broken if the price on a daily chart breaks 24,55.

TRADOMICS_ Jul 28, 2018

($TEVA) was accelerating the uptrend but since some days it has come back on its path inside a bullish flag. It is important to note that next week earnings will be released so high volatility should be expected. Masch is about to turn on bullish mode RSI is quite down and vortex is neutral. I might expect that some investors will get long before the earnings...

TRADOMICS_ Jul 28, 2018

Simple update today for ex-Valeant (VRX) now Bausch Health. We have a a triangle with squeezed volatility. Positions can me taken once the edges will be broken. As for now we are really closed to the lower line at 22,26 dollars. At the moment watch and wait would be the most logic solution. Aggresive traders can take long position with SL lower than 22, 26, but...

TRADOMICS_ Updated  Jul 20, 2018

Triangle has been completed for BAC since the beginning of the year. Price broke MA 200 which has represented a prominent support so far. MA 50 and MA 200 are close to each other. MA 20 broken with volatility stop on negative configuration. Due to the restricted volatility accrued since the beginning of the year strong price movement will be expected!

TRADOMICS_ Jul 14, 2018

Time to raise up the head has come for ALexion pharmaceuticals. After some years in a trading range and a never ending downtrend since 2015 (black line) price has broken it up reaching recently 135.87 dollars. As showned in the graph we have an important technical signal which is the cross between MA 50 and MA 200. We have also the RSI confirming tghe momentum and...

TRADOMICS_ Jul 14, 2018

CHD seems not a normal stock but rather a life issurance. In fact since 1981 such stock has never stoped raising up even during financial crisis. This has mainly due to its business and management and after Q2 2018 price has definitley broken the lateral phase started in Q2 2016. Price thresold was at 53.88, the daily candle closed the session at 55.89. I...

TRADOMICS_ Jul 1, 2018

Celg is under the radar because after an insane downtrend, calm and a bit of optimism is getting back. Price is consolidating in a narrow range and on friday we have seen a first endeavour to break the flag with no success. This has happend because MA 50 has acted like a resistence. If the price breaks the wall of 80/80.50 with momentum I expect a new buy long...