You can see that Genzyme is doing a test of top after reaching the upside targets off a tiny classic bull flag setup. The proper way to get in on this trade on the short side woud have been to sell short on break of Tuesday's low, so we missed the boat on this one.
However, IF it should continue down toward the first downside target of the January 29 swing low/20-day EMA, we can attempt to initiate a short sale intraday below yesterday's low.
04.02.05 09:25 #