Enormous volume breaks 18 month resistance. I´m buying tomorrow's open without a second thought.
VRTX long term:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=170;image)
VRTX short term:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=171;image)
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This was on my buy list as well. Todays volume will have blown away resiitance as there will be no bagholders from the declining months. So it is free to fly, certainly worth a specualtive buy with no doubt.
Mike
With a resistance line break like this:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=206;image)
... I suspect VRTX is just correcting the upside move. Maybe it will stop at the 23.6% Fibonacci retracement:
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=207;image)
agree that a buy may come this week
http://tinyurl.com/96jgm
VRTX opened sharply lower on yesterday's session. I see that it closed higher than where it opened with stronger volume, so I'm happy with the market action. At least for now.
... on VRTX looks great, but short term I suspect we still have some consolidation to manage. Volume was a bit weak yesterday, altough price advanced. I'm willing to have some patience with VRTX because the medium/long term chart looks terrific and usually medium/long term trends beat the short term developments.
... a short term problem with VRTX. Altough the medium and long term chart look great the stock is refusing to perform on the short term. I wonder if there aren't better places for my money in that vast market ... I've trusted my money with VRTX and the stock didn't return. Like in most things in life perhaps I'll have to let go and move on ...