double bottom bullish divergence.. island reversal somewhere to the end of the year? need to open once above $80 without touching the gap between.
1W RSI was approx in 2008 as low as in May at the current year.
$INCY - consolidating after breaking the downtrend. It is going nicely through support and resistance consolidating. When it will break higher, probably will first try to recapture the 200 SMA
Hey guys,
I've been posting a lot of Bullish ideas recently, however due to the market instability, negative fundamentals, and recent failure to move past a key resistance point for the Indices, I've decided to post a short idea I know I could very possibly use myself if the market proves to be bearish.
This stock, INCY, is ridiculously horrible. It's truthfully...
Not sure if the BLUE support is gonna hold this time around. Might eventually sets on ~9yr-old support (note chart is in Log scale). Monthly chart also showing massive MACD divergence. As a result, sold my position to see how is gonna play out in the ST. Also binary outcome drug data expected this year, with unknown timing. However, INCY is top pick at Credit...
![INCY: [INCY] phase 1](https://s3.tradingview.com/0/08glyUW4_mid.png "[INCY] phase 1")
