There is a strong stock chart sell signal emerging on Illumina Inc (ILMN). After hitting a low below $200.00 in late March 2020, the stock has soared to $375.00. After crossing $375.00, it has tagged its maximum upside range and within days should see a large drop. The stock chart sell signal is based on a major pivot high from October 2018 and the all-time high in July 2019. The July 2019 high creates an epic double top on the stock. With the technical metrics MACD and RSI screaming overbought, the double top stands to be a highly favored pull back level in the near-term. A pull back to the $335 level is the target and stands as major support. This means that swing traders looking to short Illumina can net a gain of 10% in the coming weeks on the short side.
A net gain of +978.83% through May 28th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree during the COVID-19 pandemic, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10% almost every day (yesterday 3 winners of over 10% each). With the action in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. See how this trade based a Technical Analysis Double Top makes money! See this stock chart sell signal on the Illumina Inc chart below.