Below that Level i exspect a further selloff to the longterm channels bottom edge @ 33,5$" .
Exactly that happened! The Level to watch @ 38,6$ wasn`t a Level where new buyers where on the take. Per week-close, INSY dipped to ist longterm channels bottom edge @ 33,5$, we closed @ 34,96$.
At that Level, the former Low is based.
If that Level will be bought, a possible shs as a trend chance pattern can be perhaps formed. The last LOW can be seen as the neckline.
Prices below that Level will Trigger a new short Signal with target @ 29-31$. Here should be a strong , derived from the ATH-Breakoutlevel 04.03.2014.
Former Analysis:INSY could not break its resist-zone
INSY could not break its resist-zone @ 45$
With the yesterdays the stock nearly crashed to ist former low @ 38,6 (The in my former Analysis mentioned "shakeout"-candle).
This LOW is the Level to watch now!
Below that Level i exspect a further selloff to the longterm channels bottom edge @ 33,5$.
Only Prices above 45$ will brighten the chart. and turn it again.