Member @koolmoto requested analysis on CELG within the trading room & as I like what I see, I figured that I’d posted it here on the front page for all to see. I might even add the stock as an official trade but I would like to analyze the charts of the biotech sector & other leading biotech stocks before doing so in order to align the bullish outlook for CELG with a near-term bullish outlook (or not) for the biotech sector. CELG (Celgene Corp) could rally as high as the 111 level, should this chart as well as that of the biotech sector continue to firm up. CELG is currently attempting to break above this bullish falling wedge pattern today. Celegene is only being shared as an unofficial trade idea for now.
CELG daily April 4th