The Cliff Fall Was Too Much. (LONG)
After bad guidance and downgrades, 
ILMN was destined to fall. My theory for initiating a swing trade is the selling was too overdone. This is not a long-term "long" but an idea for a short-term "long". I think it is very likely to recover to the 200 EMA (purple line) but watch there is a daily trend line (black line) which will likely be strong resistance too. Currently, they are at about the same level. I am long until that point and personally will be taking profits. I may keep a smaller position on for a $340 target depending on how it looks at that target. My stop loss is just below $300 which has good daily support and was the intra-day pre-market bottom of this massive dump as well ($299.61).
ILMN was destined to fall. My theory for initiating a swing trade is the selling was too overdone. This is not a long-term "long" but an idea for a short-term "long". I think it is very likely to recover to the 200 EMA (purple line) but watch there is a daily trend line (black line) which will likely be strong resistance too. Currently, they are at about the same level. I am long until that point and personally will be taking profits. I may keep a smaller position on for a $340 target depending on how it looks at that target. My stop loss is just below $300 which has good daily support and was the intra-day pre-market bottom of this massive dump as well ($299.61).
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.