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krishnan.karthik.98
Oct 12, 2015 10:12 PM

buy incy for october 13th tomorrow Long

Incyte CorporationNASDAQ

Description

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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