krishnan.karthik.98
Long

buy incy for october 13th tomorrow

NASDAQ:INCY   INCYTE CORPORATION
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in the hourly chart incy has been showing the buy signal for october 13th
1) by the crossover of smi (5,21)
2) by sustaining above 8 and 20 sma which shows the next target will be at 50 and 100 sma .
3) bullish divergence in macd .
in the 30 minute time frame macd has went above 0 showing bullish signals and the price has managed to sustains above 20, 30 50 sma in the same time frame.

my target will be upto 109-110 for tomorrow.
please note there is a strong resistance of 100 sma is present in the daily chart at 110.66. so book your profit before that.
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