Ambrose

@Turbobob What are your thoughts on IMGN now that it has hit support for the 3rd time around the 7.32 area? Are the Healthcare sector struggles going to keep it down or do you think it has a chance to hit the 8.50 resistance? (According to your most recent watchlist)

Turbobob
1
Turbobob Jul 10, 17 6:12 PM

It seems to have good support in this area. It looks like it needs to consolidate some more before heading higher. It was at the top of the channel. But the chart is still strong.

Ambrose
Ambrose Jul 10, 17 7:47 PM

At what point do you prefer to act on a trade in this situation? Do you feel more comfortable with a trade when it goes ahead and breaks the upper channel the first time or closes above it?

Turbobob
2
Turbobob Jul 10, 17 7:56 PM

I would look to buy it on a break out of a bull flag/wedge or over the high of $8ISH

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mrcriter Jul 26, 17 4:40 AM

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johhin Jul 28, 17 11:36 AM

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