Tuesday, June 02, 2009

Base & Break - Celgene Corporation (Public, NASDAQ:CELG)

CELG from my usual suspects list, setup a clean B&B entry on break of ORH and whole $ level. Took a partial as price approached $44.00. Added back on break of bull flag, but the momentum died and the rest of the trade was like watching paint dry.

2 comments:

Tyler said...

Jamie,

Great trade in CELG! I watched that, but could not jump in for some reason.

That is one of my favorite patterns because even though the first candle is bearish, once the high of it is taken out by the second candle there are no more sellers. Just more buyers and short coverers keep price moving higher.

By the way, thanks again for all your help over the last year. I can finally see these setups and am able to participate in most.

Tyler

Jamie said...

Thanks Tyler,

Happy for your success. You're a quick study. Keep up the good work!