INSY attempted to break out from a large 1st stage cup with handle on 12/18 (also appeared on ChartYourTrade.com's "Shooting Stars" which highlights the top 3 stocks from our Universe List each day that make big gains on heavy volume. chartyourtrade.com/w...list/shooting-stars/
Over the past 7 trading sessions, price action has gotten progressively tighter and support seems to be forming around the 21ema. IF INSY can break above both the recent descending trend line (shown in blue on the chart) AND break back above the top of the handle at 43.47, it could really get going
Over the past 7 trading sessions, price action has gotten progressively tighter and support seems to be forming around the 21ema. IF INSY can break above both the recent descending trend line (shown in blue on the chart) AND break back above the top of the handle at 43.47, it could really get going