FLXN Short

17 בספט׳ 2018FLXN reaching a 100% retracement of the run-up from last year. A huge short play could be in the making if it cracks under 19.05 and holds. I would wait for confirmation, but we could see a measured move down equal to the length of the pattern (32.25-19.05 = 13.2) While I don't think $6 is realistic, I believe that you may be able to cover in the low teens or high single digits. They are waiting to get the J-code and that would probably be the next move up based on any FA.

26 בספט׳ 2018

הערה

Looks like 16.63 could be support going all the way back to last year. We may see a dead cat at that area. Look to temporarily close your short there.