Position Trade
Date: 01/11/2010
Symbol: CELG
Company Profile: Celgene Corporation engages in the discovery, development, and commercialization of innovative therapies to treat cancer and immune-inflammatory related diseases primarily in Europe and the United States.
Sector: Healthcare
Industry: Biotechnology
Trading Strategy:
CELG monthly consolidation under 20sma (blue line) is my interest. Also forming cup and handle pattern o0n the monthly and daily time frame. But also smaller time frames are interested for day, swing and finally position trade. That is what I like from “whole picture”, support on several time frames. We can see that CELG consolidate at 60 min chart what can lead in to day and swing breakup. Also can lead to monthly breakup what is interest here. But like to note that I will follow for smaller time trades too.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (danded2005@inet.hr).
Wish you good trading!!!!
Ivica Juracic
http://www.ivicatradingcharts.com/
Date: 01/11/2010
Symbol: CELG
Company Profile: Celgene Corporation engages in the discovery, development, and commercialization of innovative therapies to treat cancer and immune-inflammatory related diseases primarily in Europe and the United States.
Sector: Healthcare
Industry: Biotechnology
Trading Strategy:
CELG monthly consolidation under 20sma (blue line) is my interest. Also forming cup and handle pattern o0n the monthly and daily time frame. But also smaller time frames are interested for day, swing and finally position trade. That is what I like from “whole picture”, support on several time frames. We can see that CELG consolidate at 60 min chart what can lead in to day and swing breakup. Also can lead to monthly breakup what is interest here. But like to note that I will follow for smaller time trades too.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (danded2005@inet.hr).
Wish you good trading!!!!
Ivica Juracic
http://www.ivicatradingcharts.com/
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