Exelixis has come to a stop after many months of upward movement, it is now consolidating around 52 week highs, and I am looking for a short opportunity on a large pullback.
Reasons: - Class A bearish divergence on the weekly & daily chart (RSI, MACDL) + Acc/Dis (Daily only) - Accumulation/Distribution line has dropped below the 9EMA on the daily chart. The past two times this occurred the stock had a +10% pullback to the 20EMA - Overbought on the RSI, and has crossed below the 70 line after being above it for a significant amount of time. The past two times this occurred the stock also had a +10% pullback to the 20EMA
Going short with a break of the ascending trend line, with a price target around $19.30 or the 20EMA.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.