Discussion in 'Technical Analysis' started by The Answer, Aug 19, 2003.
Anybody trading it?
Could stall here.
Icos is one that is in my biotek universe of stocks that I follow. Tommorrow might be a nice low risk / high reward entry on the short side as it bumps into prior support, "fueled" gap resistance, and flirts with the 38-50% retracement of the swan dive lower. Depending on the overall market picture tommorrow, one may go short at the low of this candle with a stop above the highs. I am assuming you already know this since you are talking to yourself here and are just looking for a hand-holder though
BUT Allen you would have to actualy HOLD FOR MORE THAN A DAY TO MAKE THE PLAY WORTH WHILE Can you do it Allen? Can you put your super-ego to the side and let her do what she wants to do without interfering? can ya? can ya?
If you do short have preliminary targets to help keep you committed to letting the play work itself out. The prior lows could be a target and an extension off this throwback could be a home-run target
PEACE and good-trading,
It will go to $39.50 in the next few days.
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