30Mar3:11 pmEST

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. 

Staring Down the Masters in ... More Than Just Teck

 
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