NBIX Pullback
By Johns Wu on Nov 10, 2005
NBIX broke out of a sideways channel a few weeks ago, and is now retracing its steps.
Today, it touched down to its July highs before it saw some support. The support it touched today is a weak one, and there is another much stronger support just below it. I like how the volume is declining on this pullback, and could hint at a bullflag formation.
This entry was posted on Thursday, November 10th, 2005 at 11:38 am and is filed under Annotated Analysis.
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This is from TP’s setups just type in the word “trading and then the word “professional all as one word into your address bar, hit go
NBIX – Swing Trade – this had a very nice bounce on the 10sma and look to have started to move to test the top again. Indicators are perfectly poised to push this higher.
Entry Price - $56.30
Stop - $54.80
Target - $59.70medium
Risk – High