yes for now it has been holding up inside the pattern pulling
back on light volume, probably low risk in here since a stop can be
set tight below the trendline
I would make that decision after it bounces and I'm in it i.e.
react to conditions, obviously the upper trendline is resistance
for now, currently it's close to the lower trendline
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HZNP
Posted by morton13 on 5th of Jun 2012 at 10:53 am
Hi Matt,
HZNP appears to be flagging with a nice steady pullback....
Lee
yes for now it has
Posted by matt on 5th of Jun 2012 at 10:56 am
yes for now it has been holding up inside the pattern pulling back on light volume, probably low risk in here since a stop can be set tight below the trendline
Where would you put a profit exit target?
Posted by ragwing on 5th of Jun 2012 at 11:32 am
I would make that decision
Posted by matt on 5th of Jun 2012 at 11:36 am
I would make that decision after it bounces and I'm in it i.e. react to conditions, obviously the upper trendline is resistance for now, currently it's close to the lower trendline