MEIP View

    Posted by steve on 27th of Sep 2018 at 08:21 am

    MEIP - Chart Link- pharma stock which tends to move on fundamental developments so best to look for potential catalysts. Not sure when you took the trade but it failed to breakout and has been stair stepping down since.  For me, no technical reason to hold the stock after the doji and reversal and I personally would wait for a new trigger and tighter stop if triggered.  Pharma stocks can be quite volatile around news (may gap) and thus the importance of being aware of potential catalysts. 

    Thanks Steve!

    Posted by shinkans3n on 27th of Sep 2018 at 04:19 pm

    Thanks Steve!

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