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​Do you think Celgene will go up?
20 march 2015

A lot of my trader colleagues argue that upside in the name has run out.

But all good things come to those who wait, as the saying goes. Growth may seem incredible, but hypothetical targets are still feasible.

A case in point is if we benchmark the Fibonacci retracement levels against the latest steep decline from December 2013 until April 2014.

As we can see, if the USD 120 level remains intact, there is a target up to USD 140. So investors may consider opening a long position.

Are you afraid? Your fear will be corrected by the small size of the position.

Meanwhile, do as you wish, I can offer you a list of less overheated but less lucrative securities.

​Do you think Celgene will go up?

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