CELG Swing Setup
By Johns Wu on Aug 08, 2005
i saw this chart just now while i was clicking through my watchlist. CELG looks like it could be getting ready to run again. im really tired right now (its 2am) but it looks like it might be an ascending triangle pattern setup. we have the decreasing volume after a runup on large volume, and a developing ascending right triangle. its not a perfect looking setup, so i’m not totally sure.
at the moment the price is being supported by the 13day EMA and the volume by price looks decent so the downside should be limited. check it out and keep it on your watchlists this week for a possible swing setup.
thanks for reading! i’m really excited that this new site is up and running. take care
UPDATE (8/08/05): CELG’s ascending triangle formation has broken down today. it doesnt seem like a good swing setup candidate any longer.
3 Responses to “CELG Swing Setup”
hey,
i use medved quotetracker. the charts are copied/pasted from the bigcharts.com interface within quotetracker. its a free program (theres an ad banner if you dont register) so check it out.
i hope ELN has some good news soon too!
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What charting software/website do you use for the charts that you post? TIA
ELN should have some good news soon!!