MaryJane
Short

INSY could not break its resist-zone

NASDAQ:INSY   INSYS THERAPEUTICS INC NEW
34 0 7
INSY             could not break its resist-zone @ 45$
With the yesterdays earnings 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 bullish again.

former Analysis:
Huge shake-out-candle
Huge shake-out-candle
snapshot
Today we can see a volatile tradingday. The price fell down rapidely in the early tradingsession - but the lows were bought. Intraday the supportlevel @ 42,65 (last High) is the level to watch.
Can insy             close above this level, the bullish szenario is still active.
The tradingarea between 38,2-42,65 seems to be neutral - here is no action needed.
Below the last low at 38,2 a kiss of the longtermtrendchannels bottom edge should be exspected.

WOW - faster than a speedy bullet
WOW - faster than a speedy bullet
snapshot
Ups - my target is reached exactly! ..now its time for a shortterm rebound! The 38,2 retracement could be a first target @ 37,5$

INSY             - the sky is the Limit
INSY - the sky is the limit
snapshot
Since the 2:1 split INSY             is on fire!
Today we see the insy             close the second day out of their BB. My longterm-target @ 42/44$ is not far away from now.
The risk gets higher, that a healthy consolidation will come nearer, the shortterm situation is too overbought imo :-)
The drive of the breakout @ 31,1$ is massive and more explosive in thought...but ok...
A first target of the exspected consolidation is the 38 fibo @ 34,95$

INSY             on its way up
INSY on its way up - INSY wie an der Schnur gezogen
snapshot
The break of the resistance @ 31,25$ (62,5$) generated a trading-buy-signal with target @ 36,25$ (72,5$). At this level INSY             seems to be a bit overbought, so a shortterm-consolidation to the breakout-level has to be considered. This is the level to watch!
- If INSY             doesn’t break anymore through the supportlevel @ 31,25$ a wave to 40/46$ is perhaps possible
If INSY             breakes through ist supportlevel @ 31,25$, a test of the former tradingbox-lower edge would be possible.

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11.05.2015 : Since the break through ist ATH             , INSY             is consolidating at a high niveau in the range 62,5-62,5$. Within this range there is no need for action. Clear signal might come only then, as soon as INSY             moves upwards or below this box. Below the BOX @ you can exspect a fast move down to its 61,8 fibo-retracement @ 38,5$. In the long term, all signs stand still on “long” and this is as long as the long-term-uptrend is going on.
INSY gefangen zwischen 52,5$ & 62,5$

snapshot
21.05. Update:
The old analysis is valid consitently. The Box is intact furthermore. With the yesterday`s tradingday the box lower edge was touched an was bought once more.
Trademarks Swingtrading:
-Long at the Tradingbox lower edge @ 52,75$ with target Box-upper-edge @ 62,5$
- Short @ Box upper edge @ 62,5$ with target Box-lower edge @ 52,75$
Trademarks Breakaway-Trading:
-Long > 62,5$ aim: 72,5$
-Short 62,5$ Ziel 72,5$
-Short < 52,75$ Ziel 62er Fibo 38,5$


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