Long
CERN triangle breakout coming -- bullish
CERN has been forming a triangle as it decides between two different parallel channels. I expect the longer-term upward channel to prevail on the strength of impressive analyst ratings and the overall strength of the healthcare sector. Look for an entry below 71.63 in the next week, with stops below the triangle.
Note
CERN broke out today. We'll probably still get some pullback tomorrow for a buying opportunity.Note
Cern is below its channel, so I've closed out my long position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.