Allergan PLC - AGN - Daily - Sell $290-$300 massive supply zone

2 окт. 2015 г.

Many people "bought the dip" to the 290-300 level from the $340 peak become the new supply here to check any advance. Those buyers are feeling relief after suffering a drop of 20% in a month, but now the psychology will be "Just let me out of this stock at Break-Even" thinking which will keep the stock from rising above this level for at least a few weeks.

The resistance level is clear in the volume pattern too where 295-296 is the zone with the most volume. That indicator is available to pro-subscribers.

Initial support will be in the low volume zones of 277-273 and then the high volume zone at 265-267. Ultimately I could see 254-252 being retested, but let's see how it acts getting there first.

288 last 4pm EST 10/2/2015

Tim

4:35PM EST 10/2/2015