traderprosignals

INFI BUY/LONG NOW READY! 3.00 to 8.35 by End 2021!

Long
NASDAQ:INFI   Infinity Pharmaceuticals, Inc
TICKER CODE: INFI
Company Name: INFINITY PHARMACEUTICALS , INC
US Stocks Health Technology Biotechnology

Position Proposed: BUY

FOMO BUY ENTRY: NOW READY (3.30)
NEXT BUY ENTRY: (3.00)

1st Partial Take Profit: 6.20 (July - August 2021)
2nd Partial Take Profit: 8.35 (End 2021)

NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION

Stop Loss: 2.55

Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (Forming 2nd Shoulder)
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Partial Take Profit is at Fibonacci Extension Level 1 Grey Zone (Safe Zone) - This take profit is also at Key Level
5. 2nd Partial Take Profit will be at level 2 of Fibonacci Expansion Blue Zone.
6. 2nd Take Profit will be in the same price range as the Flagpole as well as 80% of the Head Price Range

Note that there might NOT be a RETEST FOR A RE-BUY ENTRY