'gjd'...re: INSM...I see some things to...
Be concerned about...The gap up Tuesday morning was well outside the upper Bollinger Band, that's why it had to pull back and consolidate...The potential upside in the near term is just under 2.00
But what bothers me is the dump the OBV, CMF, and A/D lines took in the last two days...It appears that it was all profit taking after the spike up, which is normal IMO...
I see a possible 'double top' forming, and the breakdown of that pattern will make it fill the gap to Mondays close, which is also 'normal', as gaps almost alway get 'filled'...
Almost every other indicators confirms weakness...The CCI is downticking, the RSI shows no real strength, the DMI+ is downticking and the DMI- is upticking...Stochastics are neutral, and the MACD has gone negative, and the Volume has diminished greatly since the 'Pop'...
I know nothing about the 'Fundamentals', but this chart doesn't give me any reason to want to "Buy" right now...JMO
Good Luck...
Be concerned about...The gap up Tuesday morning was well outside the upper Bollinger Band, that's why it had to pull back and consolidate...The potential upside in the near term is just under 2.00
But what bothers me is the dump the OBV, CMF, and A/D lines took in the last two days...It appears that it was all profit taking after the spike up, which is normal IMO...
I see a possible 'double top' forming, and the breakdown of that pattern will make it fill the gap to Mondays close, which is also 'normal', as gaps almost alway get 'filled'...
Almost every other indicators confirms weakness...The CCI is downticking, the RSI shows no real strength, the DMI+ is downticking and the DMI- is upticking...Stochastics are neutral, and the MACD has gone negative, and the Volume has diminished greatly since the 'Pop'...
I know nothing about the 'Fundamentals', but this chart doesn't give me any reason to want to "Buy" right now...JMO
Good Luck...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
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