heidib

FLXN blows thru 22.18 resistance, will it hold? If so, BUY!

Long
NASDAQ:FLXN   None
FLXN blowing thru resistance coming up on earnings CC next Monday 7/10. Looking very strong but not confirmed until today's candle closes above resistance and full candle opens and closes above 22.18 resistance tmrw. If it does, think that's a solid buy signal as I don't see much resistance from here to 26s & if they're on track for FDA approval of knee drug end of 2017 this is going wayyy up! I sold far dated 17.5 puts on this during last dips so recommend selling puts to reduce cost & risk of entering/adding at these levels. If you buy here, still recommend doing so in chunks as it's just not good form to buy full position at/above resistance (particularly right ahead of earnings) even though this may eventually double from here.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.