Posted On: 04/24/2015 3:31:29 PM
Post# of 77
Just my observation:
AKrx hit a new high just after the open over 57. It has formed a 2 month cup with a 56.01 break out point ( 55.96 +.05). It has also formed a double bottom but the second leg down terminated above the first leg down showing that all the weak players are still holding on ( probably by their finger nails).
If we can get a week or so of flat trading then a burst above 56.01 AKRX might be ready to take off into the sixties or even the seventies if the current Bull Market persists. Otherwise put your stops in around 50-51.
Just my 2 cents worth do not try this at home.
AKrx hit a new high just after the open over 57. It has formed a 2 month cup with a 56.01 break out point ( 55.96 +.05). It has also formed a double bottom but the second leg down terminated above the first leg down showing that all the weak players are still holding on ( probably by their finger nails).
If we can get a week or so of flat trading then a burst above 56.01 AKRX might be ready to take off into the sixties or even the seventies if the current Bull Market persists. Otherwise put your stops in around 50-51.
Just my 2 cents worth do not try this at home.
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