AI
Tuesday, July 02, 2019 3:48:39 PM
Long or short INCYTE corp ? Move coming soon.
Fundamentally nothing much has changed in INCY recently but technically the stock is reaching a point of decision, is the correction? can we go higher? we are biased towards a break higher as indicators are improving while the price gets squeezed between they 100 and 200ma. The $82 region may be a good area to look for a long on a break from converging trendlines , while also clearing the MA's resistance, a bounce of the bottom Bollinger Band is also anticipated.
Fundamentally nothing much has changed in INCY recently but technically the stock is reaching a point of decision, is the correction? can we go higher? we are biased towards a break higher as indicators are improving while the price gets squeezed between they 100 and 200ma. The $82 region may be a good area to look for a long on a break from converging trendlines , while also clearing the MA's resistance, a bounce of the bottom Bollinger Band is also anticipated.
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