Buz Investors CELG Stock Bullish I have had my eye on Celgene Corporation(NASDAQ:CELG) stock and the price action on the CELG stock chart continues to suggest that something is brewing. T

CELG Stock Bullish on All Fronts

Celgene Stock Is Setting Up for an Upside Breakout

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Buz Investors CELG Stock Bullish I have had my eye on Celgene Corporation(NASDAQ:CELG) stock and the price action on the CELG stock chart continues to suggest that something is brewing. The Celgene stock price action has been bullish and I have to assume that the flavor of this brew is filled with hints of higher prices.

The basis of my views are centered around technical analysis, which is the method I use to analyze investments. Technical analysis is based on the notion that historical price and volume data can be used to discern trends and forecast future prices.



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CELG Stock Bullish

The long-term trend in CELG stock has been supported by a simple and effective uptrend line, a trend line that is created by connecting the valleys on the stock chart. This trend has defined the bull market in CELG stock since 2002, and as long as Celgene stock is trading above it, I can only assume that higher prices are set to prevail.

The moving average convergence/divergence (MACD) indicator in the lower panel is converging and a bullish cross can generate shortly. MACD is a simple and effective trend-following momentum indicator. Signal-line crossings are used to distinguish between the dominance of bullish and bearish momentum. A bullish cross would suggest that bullish momentum has overwhelmed any bearish momentum and that the path of least resistance is higher. I would not be surprised to see Celgene stock accelerate higher after this signal is generated.

 


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Celgene Corporation: CELG Stock Chart Setting up for a Spike

Celgene Corporation: CELG Stock Chart Setting up for a Spike

Celgene Corporation: CELG Stock Chart Setting up for a Spike

  • Buz Investors CELG Stock Chart Setting up  I have found that it is always best to focus on investments that abide by technical rules and to try to avoid those that do not. Celgene Corporation (NASDAQ:CELG) stock is one of those investments that abides to technical indicators and patterns to such a degree that it is always wise to pay attention when any such signal is given.
  • For those not familiar of my style of investment analysis, I use technical analysis on which to base my investment views.Celgene stock
  • This style of investment analysis is based on using past price and volume data to discern trends and forecast future prices. I have been using this method to create investment strategies for north of a decade, and I have enjoyed some success in doing so.

CELG Stock Chart Setting up

Celgene Corporation: CELG Stock Chart Setting up for a Spike

CELG Stock Chart Setting up For those not familiar of my style of investment analysis, I use technical analysis on which to base my investment views. This style of investment analysis is based on using past price and volume data to discern trends and forecast future prices. I have been using this method to create investment strategies for north of a decade, and I have enjoyed some success in doing so.

The CELG stock chart is a work of art, and the progression from the different time frames illustrates how well this investment abides by technical patterns and rules.

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CELG Stock Chart Setting up

 

An uptrend line has defined the entire bull market move in Celgene stock that began in 2002. This trend line is created by connecting the troughs on the price chart. This trend begins in the lower left of the price chart and moves progressively to the upper right. This is the type of price action I wish every investment in my retirement account contained.

A close above this trend line would also coincide with a bullish moving average convergence/divergence (MACD) cross. MACD is a simple and effective trend-following momentum indicator. Signal-line crossings are used to distinguish between bullish and bearish signals. A bullish signal would indicate that bullish tailwinds were once again swirling, and that a price advance could be expected as bullish momentum is once again outpacing bearish momentum.

 

Celgene Corporation: What a Trump Win Means for CELG Stock

Celgene Corporation: What a Trump Win Means for CELG Stock

Celgene Corporation: What a Trump Win Means for CELG Stock

  • Buz Dollar Trump Win Means for CELG   Donald Trump is set to be president of the United States, and the market was expecting a massive sell-off. That seems to be ill-advised at this moment, however, as the indices pare their overnight losses.
  • One thing that is certain is that the “sell on rumor, buy on news” strategy surrounding the biotech sector is playing out perfectly. Celgene Corporation(NASDAQ:CELG) stock is just one the stocks in the biotech sector that is soaring today.
  • The pharmaceutical sector was focused on by both presidential candidates, but it was Hillary Clinton’s tweet On September 21, 2015 that really set the spotlight on this sector as she vowed

Trump Win Means for CELG  Unleash The Bull

Celgene Corporation: What a Trump Win Means for CELG Stock

Trump Win Means for CELG The pharmaceutical sector was focused on by both presidential candidates, but it was Hillary Clinton’s tweet On September 21, 2015 that really set the spotlight on this sector as she vowed to curb price gouging and go after pharmaceutical offenders.

Investors are bidding up biotech stocks on the Trump win because they believe he wont be stringent in coming after these kinds of companies, and he won’t curb their pricing strategies. The technical setup going into the election was impeccable, and it is acting like a perfect tailwind to propel Celgene stock higher.

The stock price had yet to follow through on this bullish development, as CELG stock has spent the months preceding the presidential election backtesting the trend line that served as resistance for the triangle pattern.

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Following the breakout of the descending triangle, CELG stock failed to follow through and the price was contained by the resistance line that is highlighted in blue on the chart above. The trend line only acted to contain the price further as bullish pressure continued to mount.

This bullish pressure can be seen as a golden cross was generated in August. A golden cross is a bullish signal that is produced when a 50-day moving average, highlighted in blue, crosses above a 200-day moving average, highlighted in red. Traders use this signal to confirm that a bull market in Celgene stock is on the horizon.

Celgene Stock: THIS is Where Bulls can Regain Footing in CELG Stock

Celgene Stock: THIS is Where Bulls can Regain Footing in CELG Stock

Celgene Stock: THIS is Where Bulls can Regain Footing in CELG Stock

  • Buz Investors Watching  Regain Footing in CELG Stock   Biotech stock and healthcare stocks have been on considerable selling pressures of late, and much of it is stemming from the U.S. presidential election. Both candidates have pledged to crack down on price gouging,
  • which would hurt the top and bottom lines of all the companies that make up his sector. This is why investments like Celgene Corporation (NASDAQ:CELG) stock have lagged compared to the general market, as the indices continue to make new all-time highs.
  • Celgene stock in particular, both need a climax of selling to mark an end to this bearish trend. So far, the selling has been much of a slow bleed.

Regain Footing in CELG Stock A Drop, Then a Pop

Celgene Stock: THIS is Where Bulls can Regain Footing in CELG Stock

Regain Footing in CELG Stock  From July 2015–July 2016, CELG stock put in a descending triangle. On average, this pattern is interpreted in a bearish light based on the price action. Each and every time CELG stock approaches support around $95.00, buyers appeared to support the price. Each subsequent rally ended at a lower high, as sellers are more willing to exit positions at a lower price. The eagerness of sellers to step in at a lower price is why this pattern has a bearish bias. On average, this triangle pattern breaks down, but that is not always the case. This descending triangle played out perfectly, with five points of contact before the pattern broke out in upward direction.

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The Celgene stock chart above illustrates the Fibonacci retracement numbers. These retracement numbers are a technical tool used by traders to identify where price support and resistance can be found. The most popular numbers eyed by traders is the 50% and 62% retracement levels. Depending on their trading strategies, traders will use these levels to enter or exit their respective trades. The theory surrounding these numbers is that after a stock completes its primary move, it will retrace it by approximately 50%-62% before resuming the primary trend.

If the primary move is based on the 2009 financial crisis low, then CELG stock has yet to complete the pullback based on this criterion. A break below $95.00 would open the door for this pullback to finally play out, and even though the price has dropped, the overall picture would still remain bullish in Celgene stock

Celgene Corporation: CELG Stock Charts Are a Must-See

Celgene Corporation: CELG Stock Charts Are a Must-See

Celgene Corporation: CELG Stock Charts Are a Must-See

  • Buz Traders Following Celgene Corporation There comes a time when a stock will sit on a prevailing trend line. It is at this point where the stock can bounce off this line, or it can fall through this line, causing a major trend reversal.
  • Nothing is forever, but trends can continue longer than most people can fathom. With this in mind, both scenarios have an equal chance of playing out when such an instance occurs. Celgene Corporation (NASDAQ:CELG) stock is sitting in this exact precarious position as I write.
  • . It is a perfect example of a bullish trend as the price moves from the lower left to the upper right. The run in Celgene stock has been incredible, and a lucky few have capitalized on it.

Celgene Corporation On the Fence

Celgene Corporation: CELG Stock Charts Are a Must-See

Celgene Corporation The uptrend that is present on the chart above is certainly intriguing. This trend has spanned 14 years and shows no signs of abating. It is a perfect example of a bullish trend as the price moves from the lower left to the upper right. The run in Celgene stock has been incredible, and a lucky few have capitalized on it.

As I have mentioned in the past, the beauty of such a trend is that it serves many purposes. If I am looking to buy CELG stock on a decline, I can set “buy” orders on the trend as it acts as support. If I am looking to protect profits, I would set stops just below the trend line. As long as this trend line remains intact, the trend remains to the upside.

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In August, CELG stock generated a golden cross. A golden cross is a bullish signal that is produced when a faster 50-day moving average (highlighted in blue) crosses above a slower 200-day moving average (highlighted in red). Traders use this signal to confirm that a bull market is on the horizon. From my experiences, I have found it always wise to trade in the direction of this indicator.

On the lower panel of the chart, there is an indicator labeled “MACD.” Moving average convergence divergence (MACD) is a simple and effective trend-following momentum indicator. Signal line crossings are used to distinguish between bullish and bearish signals. This indicator is similar to the golden cross, but this indicator uses exponential moving averages on a shorter timescale. This indicator is more timely with regard to the short-term swings in price.

Celgene Corporation: This CELG Stock Setup Has 240%+ Upside

Celgene Corporation: This CELG Stock Setup Has 240%+ Upside

Celgene Corporation: This CELG Stock Setup Has 240%+ Upside

CELG Stock: Back on the Bullish Track

If you are new to charting or just curious, Celgene Corporation (NASDAQ:CELG) stock chart is a great example of charting at its best.

When I scan through hundreds of charts, I like to focus on the ones that I find clear and decisive. Some charts are just a complete mess, embedded with noise. I would rather not waste time trying to understand a message if it is not jumping out at me. It is much easier to just move on. This is why I was really enthused when I came across the chart of CELG stock.

Beautiful charts look.



The trend observed is flawless, spanning 14 years with no signs of abating. Since 2002, the trend has been from the lower left to the upper right—sure to whet any investor’s appetite. Every sell-off was supported with demand from buyers, as the CELG stock price approached the aforementioned trend line.

The beauty of such a trend is that it serves many purposes. If I am looking to buy Celgene stock on a decline, I can set buy orders on the trend, as it acts as support. If I am looking to protect profit, I would set stops just below the trend. This is based on the assumption that if the stock falls below the trend that the uptrend is no longer intact and a major trend reversal is at hand.

If we use $140.00 as a target, we can formulate a trading strategy. I like to use options because your initial outlay defines your level of risk. Options are a zero sum game. If at expiry your position is out of the money, your loss will amount to your initial outlay.

This may sound risky, but if you consider the cost of an option versus buying shares outright, it makes sense. Let me explain…

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