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lindosskier

Cup and Handle Chart Pattern - Bullish, so I bought some Friday

Long
NovoCure Limited (NASDAQ:NVCR)  
lindosskier Updated   
NASDAQ:NVCR   NovoCure Limited
Fibonacci Multiple Time Frame Analysis Cup And Handle NVCR stocktrading stockpicks cupandhandlepattern fib Fibonacci Retracement
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fibonacci mtfa cupandhandle nvcr stocktrading stockpicks cupandhandlepattern fib fibonacciretracement
Great chart pattern with clearance of some key fib levels, positive momentum, and large volume breakout, off of a 6-7 month trading range.
Bought some outright shares on Friday, as the options are thinly traded.

Happy Trading

Lindosskier
Comment:
After an almost a 100% return on this idea and after also hitting Fib extensions, I would suggest taking profits here.
Had you bought even at the high of $24.15 on 29 Jan 2018, as per my "trading idea", you are looking at an almost 100% return as of Friday's close of $47.20, within an 8 month period.
Great annualized return!
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