Allergan Inc. (AGN) just recently sold off three days in a row and then had a massive gap down to weekly support.
GAP REVIEW
On June 24th, 2013, AGN gapped down after it already had sold off from the $102.00 area. On the Gap down, AGN sold off to the weekly support level of $81.00.
KEY LEVEL
The reason to be a buyer after major exhausted sell off with a gap down is because weekly Demand/Support is at $81.00. Supply levels exist at $90.00 and $96.00 and we will use those areas as targets.
THE TRADE
Buy any pullback into AGN at $85.00, Stop $80.90, Targets $90.00 and $96.00
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Disclosure:
Gap Swing Newsletter Subscribers have been long since 6/25/2013 @ $85.00
