Data leaks - you'll KNOW when you see it. There's typically NO benefit in good data on a "leaky" chart. Just a sell off. (Actually, I was kinda worried about that with CYTK. Fortunately, this market helped me fill my order today. Still wondering if it's too high.)
This is very much a build up to data. We had a BIG end to last week, three-day up on Monday, and the market helped the MM out today collecting all those loose shares.
We'll see how it goes. I think 2.50 is ground zero now. Anything before data price movement-wise is BS manipulation. IBB bounced hard today. We are still trending up in the price channel. Right shoulder could've been prettier, but who cares - it's still textbook H&S to date.
Hold your shares, sit on your hands, watch your stops. No reason why this baby can't kiss $4 on good data.
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