Illumina, Inc.Aggiornato 122 days to close the gap?
Illumina is bullish since 2012. We have seen a huge buying wave which started 2012 at 25 $ and reached till 240$ in 2015! After building this top, we can see a consolidation phase which reached down to the 0,5 fibo at 133,745$. Perhaps a Big Bearish H&S will be formed. The neckline is corresponding to the central Support Level. (TPs from this H&S could be: Min TO 74$/ Max TP: 19$ - this is a pure technical view, not my view :-))
These days we could read bad News - the consequence of this bad momentum is a huge and ugly downgap - similar to my former view.
Former view:
Bottom x 4 vs. Triangle
Buy - Sell? Good question , no matter how you decide, fact is, that we now are trading near a clear action Point: The three times tested support level @ ~ 130$
2 Trades are thinkable:
Buy the support @ 130 --> exspected TPs: 149 / 165
Sell the Break of the Tringle-Support @ 127-130 - exspected TP:100
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In my former view we tried to catch the gap-close - it worked! It took 122 days to fill the former gap.
Will it work again?
Out of this view, the actual gap could be closed february 2017 :-)
What can we see at present?
We can see a trading range between ~130 - 190. After the youngest downgap we have again nearly reached the multiple times tested central Support Level - the Box`s bottom.
If you believe the gap will be closed again, you could open a nice longposition near this mentioned bottom. Here you have a really nice Chance-Risk-Ratio - 7:1!
The Box`s bottom should be supported by the uptrendline which is based at 118$ at present.
If you think about a bigger trendbreak, you could decide to open a shortposition below the central Support Level like illustrated in my former view.
Best Regards Mary
Comments are welcome!
These days we could read bad News - the consequence of this bad momentum is a huge and ugly downgap - similar to my former view.
Former view:
Bottom x 4 vs. Triangle
Buy - Sell? Good question , no matter how you decide, fact is, that we now are trading near a clear action Point: The three times tested support level @ ~ 130$
2 Trades are thinkable:
Buy the support @ 130 --> exspected TPs: 149 / 165
Sell the Break of the Tringle-Support @ 127-130 - exspected TP:100
-----------------------------------------------------------------------------------------------------------
In my former view we tried to catch the gap-close - it worked! It took 122 days to fill the former gap.
Will it work again?
Out of this view, the actual gap could be closed february 2017 :-)
What can we see at present?
We can see a trading range between ~130 - 190. After the youngest downgap we have again nearly reached the multiple times tested central Support Level - the Box`s bottom.
If you believe the gap will be closed again, you could open a nice longposition near this mentioned bottom. Here you have a really nice Chance-Risk-Ratio - 7:1!
The Box`s bottom should be supported by the uptrendline which is based at 118$ at present.
If you think about a bigger trendbreak, you could decide to open a shortposition below the central Support Level like illustrated in my former view.
Best Regards Mary
Comments are welcome!
Nota
RSI is looking good ... ilmn made the first step into the gap :-9 117 days left to Close the gap ;-) Nota
very nice!!! Nota
oh happy day :-9 Nota
overbought now Nota
day 93 of 122 we filled 2/3 of the gap!Nota
and made a new one :-)Nota
Nota
nice game :-) Nota
Time over! we didn`t fill the gap within 122 days, but made a big step to the right direction :-9 cheers - Nota
crazy!!! 
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