Lots going on with INJ.
You have a Pennant that is about to make a deciscion .
a. if it breaks out on its own it could get to the $60.00 range. based on the break out area and the flag pole length.
b. if it breaks down and under the 200 sma you will have a very ugly bart simpson pattern. that could be a 40% drop down below the 0.618 fib to previous support and break out.
So i think the best scenario would be INJ makes contact with the 200 sma and respects it.. pushes up some goes side ways for a few days and then breaks out before BTC moves down. * i believe BTC is due for a correction of about 9 to 14%.
if my BTC projections are off then INJ has a really good chance to move up to the $60.00 range.
Good luck and play with protection.
You have a Pennant that is about to make a deciscion .
a. if it breaks out on its own it could get to the $60.00 range. based on the break out area and the flag pole length.
b. if it breaks down and under the 200 sma you will have a very ugly bart simpson pattern. that could be a 40% drop down below the 0.618 fib to previous support and break out.
So i think the best scenario would be INJ makes contact with the 200 sma and respects it.. pushes up some goes side ways for a few days and then breaks out before BTC moves down. * i believe BTC is due for a correction of about 9 to 14%.
if my BTC projections are off then INJ has a really good chance to move up to the $60.00 range.
Good luck and play with protection.
I am watching for the 200 SMA to make contact and react. INJ has done nice pushes off and up of the 200 SMA. This is a very positive outlook if BTC stays on the consolidation before making a move.
Good luck and stay patient.