Sunday, 11 January 2015

Making calls

I wanted to highlight a call I made on Stocktwits previously:

At the time, price was labouring around $100.30 and I stated that failure to hold would likely see a test of $85.

A few weeks later and price had indeed crashed to that level, after a failed attempt to push higher.

This is why you need to use a mix of fundamental - and technical - analysis. If you liked Gilead at $100; you'll like it even better at $85.

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