CELG | Affluenza Virus

Watchlist 11.26.12 | Let the Sparks Fly

By AffluenzaVirus – Sun Nov 25, 2012 5:25pm

“Whatever method you use to pick stocks…, your ultimate success or failure will depend on your ability to ignore the worries of the world long enough to allow your investments to succeed. It isn’t the head but the stomach that determines the fate of the stockpicker.” – Peter Lynch

This week is historically bullish except for Friday which has an average loss of .4% over the last thirteen years. The highly anticipated pullback that is expected Monday will provide all of these charts with interesting entry levels.

TWC – Long term ascending triangle. A pull back to the rising trend line or clearing the 50ema sets this one up for the gap fill. First target $98.17. Second target $100.50. A failure of the rising trend line is the stop.

COST – Testing this descending trend line. I am anticipating a pullback on Monday so my entry would be a test of the 8ema which is $96.75ish. Consider a 1/2 size position and add on a test of support ($94.50) or a clear bullish trend change on volume.

ROK – Bull flag/consolidation pattern on lighter volume the last two weeks. Watch for a move over price resistance with volume ($78.45) to start the next leg higher.

VMW – A healthy close over the 50ema on Friday. Watch for volume and price to clear this descending trend line for a technical bullish change.

UNP – Closed above the 10ema on the weekly chart on Friday. I am watching a pull back to the 8ema or a volume breakout over the volume resistance level of $122.75.

CELG – Cup & handle pattern. I may start to scale in on a move over $78.50 but the technical buy trigger is a move over $80.42.

APA – Currently trading under book value. Finviz is showing book/sh at $78.49. A few directors added to their positions & the Vice President of the company opened a new position of 4750 shares at $80.96 on Nov 6. My first target is $82.00 and my stop is a close under $73.00.

NUS – Higher lows being put in. My entry will be break of this short term channel with volume. First target is $49.00. Stop is a failure of the rising trend line.

ORLY – Showing a lot of strength and riding the 8ema for a few weeks now. If it can maintain these levels over $92.00 the next line of resistance is $94.82.

’cause I got one more match,
Two strikes left,
You got to three to get out of my way,

@AffluenzaVirus

Focus List 9.17.12 | Did I Let You Know

By AffluenzaVirus – Sun Sep 16, 2012 10:52pm

I wouldn’t be surprised to see a dead cat in the dollar during the first part of the week. I have a lot of good looking charts going into the week both long & short.

LONGS:

CELG – Ascending triangle with gap resistance at $75.98. There is a small gap above with a secondary target of $80.42.

FOSL – Testing gap resistance of $93.60. A move over resistance with above average volume will start the next leg higher.

NFLX – Putting in a good looking technical base. If we can clear the descending trend line and volume by price resistance the next resistance is the gap fill. Ultimate target of the higher gap fill.

FFIV – Another technical base. Clearing $105 on above average volume would keep me interested.

CHK – Major volume by price resistance at $20.85ish. Watch volume for institutional accumulation.

EL – A move over $62.00 will clear us out of this current base and should fill the gap.

DECK – Recently had a major technical trend change after we cleared this descending trend line. A higher low was put in last week. I’m looking for a continuation move higher.

RGR – My first entry is clearing the smaller ascending triangle pattern and adding after clearing $50.90 with above average volume. Looking for an ultimate target of $58.00.

SHORTS:

ED – A close below the 200ema on the daily chart with almost 200% daily average volume. I am watching this one for a move lower.

HSY – Open gaps below. Hoping for a small bounce this week because I think it’s a safe short anywhere below the 20ema on the daily chart.

CERN – The last three daily candles look like consolidation of a small bear flag. The measured move brings us to a volume by price vacuum (The higher red horizontal line). Open gap at $63.21.