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Post by huh on Nov 25, 2015 12:28:54 GMT -5
HUGE short opportunity in KBIO if it falls <24.15
If it loses that support, this will be one of those "Oh my God if only I knew that was going to happen" moves. It could and will likely go higher yet (~28.17?), so that support will be rising as well.
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Post by huh on Nov 25, 2015 13:08:16 GMT -5
The key support and short confirmation is now if <24.49, downside target ~7.60 (~69%)
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Post by huh on Nov 27, 2015 9:09:34 GMT -5
So much for the "Oh my God if only I knew that was going to happen" move in KBIO - at least in the direction I had thought. Up ~50% this morning. Wow. On the bright side, the spot at which to short it goes up dramatically. Looks like this will be yet another one of those H&S-RS-Squeezes, and if that's the case, should see at least a small topping pattern as the higher high is put in.
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