WATCH $INCY CUP AND HANDLE

Bullish

Fundamental

- High inflationary Macro environment / still no fear form retail sentiment
- Decent Accumulation/Distribution
- Decent PE
- Decent PEG
- Decent P/FCF
- Top Sector / Industry
- Fundamental sound company with a Cup and handle play / short term

Technical

- Momentum Theory Indicator - momentum broke out downtrend
- Price action formation ( down channel )
- Broke Trend line and rejected
- Above 200MA
- Above POC
- ST ok
- Bullish Candlestick pattern follow through


Entry idea

- For members


Stop loss depending on entry and risk appetite. But always set meaningful stops.

"You miss 100 of all the shots you don't take"

Cheers and happy trading!