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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

The Green Bird Scowl at Shorts

chessNwine Thu Oct 30, 2014 1:41pm EST 3 Comments

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In addition to the Facebook reversal off gap-fill support, Twitter is also staging an impressive upside reversal in its own right today.

After some earnings swoons, both stocks are scowling at shorts, in addition to the major indices at-large.

I am still not going to get too involved on the short side until I see the biotechs cease making fresh higher.

As far as long ideas, a few biotechs with solid charts: ACHN AGIO AVNR.

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TWTR

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3 comments

  1. UncleBuccs
    UncleBuccs
    October 30, 2014 at 1:54 pm

    Chess – I know this makes me sound like a conspiracy theorist, but something about this rally seems really off…

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  2. Maximus
    Maximus
    October 30, 2014 at 2:55 pm

    1800-2000 without a correction. This is not sustainable.

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