This Is Why You Should Consider A Second Entry
Biogen Idec (BIIB)
pulled back from its opening high and formed a bullish tail as you
can see below.
09:42:38 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
BIIB | buy stop at 35.23 | pullback | 35.08 | 35.50 | 35.18 |
TK |
The stock did not give me a bounce I was waiting
for, so I closed my position at breakeven.
09:52:57 (from TradersWire)
Follow up on BIIB
It cannot take out 35.25. Scratch trade.
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Shortly before 10:00 AM, one member in our Daytrading Room mentioned BIIB was
heading below 35. In fact, it was trading just above its 61.8% Fibonacci level
and testing its 20-period EMA. Notice the stochastic was also in the oversold
level. I placed a market order to buy immediately.
10:03:08 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
BIIB | buy at the market | pullback | 34.80 | 35.20 | 34.95 |
TK |
10:11:44 (from TradersWire)
Follow up on BIIB (Pt 2)
It has hit our target. Sell the rest, or re-adjust your stop to 35.20.
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T.Kamada
If you have questions, feel free to
mail them to me.
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