29.09.2014 - Illumina 's share price has left the channel

The quotes of Illumina after a long consolidation has broken through the bottom of the channel and now is trying to gain a foothold below the local minimum of about 166.00. In case of success, we recommend to open short positions with the objectives of 156.00, 130.00 and 110.00. Stop should be set above the strong resistance level at 182.00. We expect the price decline in the medium term, but would recommend to wait for the confirmation of the signal to sell.

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