Wednesday, March 25, 2009

Cup & Handle - Myriad Genetics, Inc. (Public, NASDAQ:MYGN)

MYGN gapped open and sprinted higher. The gap and early thrust consolidate over time with several inside bars. Volume contracts as the handle forms just prior to expansion. Partial after 3 WRBs and exit when price gives up the 50% FE of the ORL to the base.

JPM and WFC gapped up and chopped around the upper retracement zone of the PDH/L. After carving out lower highs, they submitted to the sellers.

SOHU - 2 IBs before continuing pullback to the retracement zone of March 19th gap day trading range.

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