Posted On: 04/13/2014 11:54:36 AM
Post# of 2561
BMRN Daily Chart ~ A Past Favorite Out of Favor
To say BMRN is out of favor would be an understatement. Yet a few of you that successfully swing traded BMRN with me are not concerned with the carnage as we listened to the chart and continue to watch as the FullSto and MACDs have kept us out. Needless to say, all indicators were screaming "Sell" long before the three week old, red waterfall began its drop. A pinch is developing with the PPO/ADX and the indicators are in extremely oversold levels now. But we'll be patient and wait for the chart to see when it's safe to enter again. GLTA
To say BMRN is out of favor would be an understatement. Yet a few of you that successfully swing traded BMRN with me are not concerned with the carnage as we listened to the chart and continue to watch as the FullSto and MACDs have kept us out. Needless to say, all indicators were screaming "Sell" long before the three week old, red waterfall began its drop. A pinch is developing with the PPO/ADX and the indicators are in extremely oversold levels now. But we'll be patient and wait for the chart to see when it's safe to enter again. GLTA
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