a huge selling is being expected for martin marietta materials(mlm) , according to hourly the macd has been showing a great bearish divergence, a strong reversal from 200 sma in hourly with already strong sell in the daily timeframe just below 50 sma which is at $165.76.
in the 30 min timeframe macd has already crossed below 0 and hoping around 50 sma which shows...
wynn has been found a kind of resistance at 50 period sma which was at 76.63. it seems like a selling period going to be resuming in wynn.
so for intraday players a short can be expected to the TARGET OF $68 ( NEAR BY 8 PERIOD SMA of daily chart).
if the last support of 68 is broken then price will be flowing downwards for next 2-3 days.
in 30 minute time frame...
in the hourly chart incy has been showing the buy signal for october 13th
1) by the crossover of smi (5,21)
2) by sustaining above 8 and 20 sma which shows the next target will be at 50 and 100 sma.
3) bullish divergence in macd.
in the 30 minute time frame macd has went above 0 showing bullish signals and the price has managed to sustains above 20, 30 50 sma in...
short pxd for tomorrow with a great bearish divergence according to the hourly chart.. the previous consolidation is going to break and fall upto 132.50
