Long Schillinger in Juno Terms; Chess Moves

I went long JUNO at $60.42 with a protective stop-loss below $56. 

The hot biotech, which IPO'd late-last year, has been working through what can be deemed a bullish cup and handle formation, seen on the daily chart, below.

I am betting that the key $62 level breakout will occur this week, highlighted in light blue, up and out of the "handle," or the shallow recent pullback denoted in purple. 

While the biotech sector as a whole looks to be frothy in terms of the monthly IBB and XBI charts, select biotech look to sell be very much in vogue, including BLUE ONCE, and JUNO.