Short
Quintiles - Filling the Gap - Short Opportunity
Recent up gap from Quintiles looks like it will be filled soon due to slowed momentum at a peak.
I see zero consolidation in the patterns so this should not be breaking upward further at this time.
Two breaks in upward trendline post up gap.
Final break shows RSI falling under 70pt (overbought) threshold.
UO maintaining divergence to price, downward movement and nearing trigger line (50pt).
MACD crossed over to down showing prime opportunity for new trend to establish.
As always, CONFIRM WITH VOLUME.
At this time no major volume indicates strong move down in price.
Best moves in Q are at least at the 700k vol level.
Entry - 64.75
Exit - 61.70 or 60.99 (depending)
Stoploss - 66.31
Happy Hunting
I see zero consolidation in the patterns so this should not be breaking upward further at this time.
Two breaks in upward trendline post up gap.
Final break shows RSI falling under 70pt (overbought) threshold.
UO maintaining divergence to price, downward movement and nearing trigger line (50pt).
MACD crossed over to down showing prime opportunity for new trend to establish.
As always, CONFIRM WITH VOLUME.
At this time no major volume indicates strong move down in price.
Best moves in Q are at least at the 700k vol level.
Entry - 64.75
Exit - 61.70 or 60.99 (depending)
Stoploss - 66.31
Happy Hunting
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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.