very nice bounce off extreme support trendline here on INCY, we can clearly see a support cluster building up here.
higher low RSI bounce from 2018 support, 2 trendline supports, short trap. what more could we ask for when looking for a longterm position?
potential price targets for next year are 80-96-110.81-134.41
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Stop at 67.18
RSI looks like found support on the 50.
Attempt of bearish cross with consolidation.
Price action is not so positive, as we had a higher high and higher low.
A bit risky.
INCY - SEP 22
INYC just got an approval for FED and technically its right above the up trend line so will be great choose for a LONG Swing
just a thought, good luck with it.
Price is below the bands set on am 80 moving average verses a 20. So the bands are wider and can encompass more price action. Many look at a fall below the bands as bearish as it takes a lot of selling pressure to get price below this setting.
It is definitely not a bullish place to be, but price always returns to the bands, eventually.
Just barely getting out...
Incyte is about to get exciting. Normally, my Precise algorithm signals a BUY or SELL by itself. Three other algorithms signaled SELL at the same time based on the closing price on 7 April and an additional algorithm signaled SELL today. Five of the algorithms signal overbought conditions, while the other signifies a continuation of downward movement. Equities...
Potential reversal to the upside off of range lows
Reward/Risk: 3.68/1
Entry: 81.94 or at a lower price
Stop: 76.00
Target: 102.00
Options Play: April 16 85/90 Call Vertical
Looking for a reversal to complete a wave up toward 92 and 98
Ingenuity Trading Model is an algorithm used in- Stock, Forex, Futures, and Crypto markets. The model is a Geometric Markov Model : Focuses on reversal and continuation wave structures
In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models...
Long after uptrend and break from falling wedge
There are several faling wedges in the yearly chart
Falling wedges are bullish and can signal a reversal
Price must break up and out in a confirmed, strong uptrend.
This stock made a new bottom Friday and could possibly make another one, or more, so maybe just one to keep an eye on if interested..
In contrast...
Currently INCY is at a long term support and if a rejection occurs, then it will be a good opportunity to buy in and exit/move stop up to meet the triple top resistance. Looking for bounce off the 200 ema down to same support and then resumption to show a nice bullish pattern. Stop loss would be at the support below the current one which will lead to about a 10% loss.
Today we tested close enough to the bottom of triangle, that I am more then 50% confident we will break the triangle to the upside. Potential gain of 10%
Incyte Corp. is a biopharmaceutical company, which engages in the discovery, development and commercialization of proprietary therapeutics. Its portfolio includes compounds in various stages, ranging from preclinical to late stage development, and commercialized products such as JAKAFI (ruxolitinib), and ICLUSIG (ponatinib). The company was founded by Roy A. Whitfield in April 1991 and is headquartered in Wilmington, DE.
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