Onyx Pharmaceuticals Inc (ONXX)

[ospreyeye]

ONXX Monthly Charts: My Favorite Pharma Co.......Best of Breed.....Number one in the Cancer Drug Sector......

Nice Breakout in June 2012 above 2004 & 2007 resistance levels.........sweet breakout in March 2013 above Sept. & Oct. 2012 resistance levels.........

Riding in the very Bullish Upper Bollinger Band Channel between Upper BB resistance & MA(10) Support.......been trading in this channel for a yr. straight......as you can see on this chart @ the end of 2011 & the beginning of 2012 MA(20)/Middle Bollinger Band support was tested & held.......as long as ONXX stays above the Middle BB the Uptrend will continue......

Hitting the big 100 resistance level.....break it & it's SHOWTIME!..........fail to break 100 & turn it into support & a pullback to MA(10) @ 82.10 should follow.......as this chart shows ONXX has a history of running for multiple months.......the current run is working on the 3rd green month in a row........ONXX could very easily break 100 & run much higher before pulling back......

MACD is signaling a move higher & Accum/Dist & OBV are showing massive accumulation........Full Sto just entered the Power zone & looking @ past performance Fast Sto should be able to keep charging in the Power Zone.........

ONXX on break 100 & continue to run to new highs radar............$$$