Saucer Breakout/Cup and handle setup
Saucer on from Oct 10 to Mid January. Heavy volume on January 18 due to an offering.
1.18.18 - BGNE teamed up with CELG, receiving rights to market CELG's drugs in China for the next 10 years. BGNE acquired $750m from the offering which looks positive for new R&D of their drugs.
Further analysis: Failed breakout at the 120 range on weak volume. Choppy trading but may try another breakout if consolidation occurs within the 118-124 range. If consolidation and 118 range fails, this may fall to around the 104-108 range for a possible cup-and-handle set up.
1.18.18 - BGNE teamed up with CELG, receiving rights to market CELG's drugs in China for the next 10 years. BGNE acquired $750m from the offering which looks positive for new R&D of their drugs.
Further analysis: Failed breakout at the 120 range on weak volume. Choppy trading but may try another breakout if consolidation occurs within the 118-124 range. If consolidation and 118 range fails, this may fall to around the 104-108 range for a possible cup-and-handle set up.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.