Genomic Health Inc. (GHDX)

[stocktrademan]

GHDX buy 69.34

bull flag
earnings winner

an easy trade on any chart is to just look for the 20 above the 50 and then wait for the price to touch the averages for a bull flag and a measured move...the trade is on as long as the 20 is above the 50...why 20 and 50 because they are near fibonacci numbers 21 and 55.

fibonacci sequence:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, ...

https://www.google.com/search?&q=fibonacci+sequence

This can work with other fibonacci numbers for the moving averages also just pick one, skip one, then use the next for the averages on the chart.



https://www.genomichealth.com/























normal chart




log chart