Comments on: CELG First Price Target Hit for 4% Profit https://rightsideofthechart.com/celg-first-price-target-hit-4-profit/ Stock Trading, Investing & Market Analysis Thu, 26 Oct 2017 16:39:43 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Dazi https://rightsideofthechart.com/celg-first-price-target-hit-4-profit/#comment-3867 Thu, 26 Oct 2017 16:39:43 +0000 https://rightsideofthechart.com/?p=184316#comment-3867 In reply to rsotc.

+++!

]]> By: rsotc https://rightsideofthechart.com/celg-first-price-target-hit-4-profit/#comment-3866 Thu, 26 Oct 2017 15:23:23 +0000 https://rightsideofthechart.com/?p=184316#comment-3866 The actual resistance level (horizontal line on the daily chart previously posted) where T1 was set on CELG was at 101.04. As I always set my sell limit orders slightly below the actual resistance level, T1 was set at 100.95. So far today, CELG hit a high of 101.05, 1 cent above my resistance line, before reversing as shown on this 1-minute chart below. This is a good example of how traders usually flock to technical analysis during extreme price moves on a stock as fundamental analysis isn’t very useful for timing short-term entries & exits on a stock.

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