1. Price levels are working well 2. weaker than the market 3. Globally and locally downtrend 4. Distant test 5. approached the level with big bars 6. point of the trend reversal 7. from than point was made a new high 8. potential more than 10 to 1
INGN - Watch for break of resistance. Couple of buys in September. Small tho. Would consider $70 March Calls.
INGN looks good here. Its price is above the supporting moving averages. Still plenty of room before it hits the 200sma. This si a former $280 stock.
The Inogen Inc. chart shows that it takes much longer to reach a Peak new All-Time High. However, a Topping Formation or Business Bear Downtrend occurs much faster. There is triple or quadruple the points profit in half the time when selling short a stock as compared to buying it going long in the market. This stock is now at a support level and is no longer a...
I'll be looking for a long position $INGN around this zone at 200 EMA. Not financial advice.