INSY could not break its resist-zone @ 45$
With the yesterdays earnings the stock nearly crashed to ist former low @ 38,6 (The in my former Analysis mentioned "shakeout"-candle).
This LOW is the Level to watch now!
Below that Level i exspect a further selloff to the longterm channels bottom edge @ 33,5$.
Only Prices above 45$ will brighten the chart. and turn it bullish again.
former Analysis:
Huge shake-out-candle
Today we can see a volatile tradingday. The price fell down rapidely in the early tradingsession - but the lows were bought. Intraday the supportlevel @ 42,65 (last High) is the level to watch.
Can insy close above this level, the bullish szenario is still active.
The tradingarea between 38,2-42,65 seems to be neutral - here is no action needed.
Below the last low at 38,2 a kiss of the longtermtrendchannels bottom edge should be exspected.
WOW - faster than a speedy bullet
Ups - my target is reached exactly! ..now its time for a shortterm rebound! The 38,2 retracement could be a first target @ 37,5$
INSY - the sky is the Limit
Since the 2:1 split INSY is on fire!
Today we see the insy close the second day out of their BB. My longterm-target @ 42/44$ is not far away from now.
The risk gets higher, that a healthy consolidation will come nearer, the shortterm situation is too overbought imo :-)
The drive of the breakout @ 31,1$ is massive and more explosive in thought...but ok...
A first target of the exspected consolidation is the 38 fibo @ 34,95$
INSY on its way up
The break of the resistance @ 31,25$ (62,5$) generated a trading-buy-signal with target @ 36,25$ (72,5$). At this level INSY seems to be a bit overbought, so a shortterm-consolidation to the breakout-level has to be considered. This is the level to watch!
- If INSY doesn’t break anymore through the supportlevel @ 31,25$ a wave to 40/46$ is perhaps possible
If INSY breakes through ist supportlevel @ 31,25$, a test of the former tradingbox-lower edge would be possible.
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11.05.2015 : Since the break through ist ATH, INSY is consolidating at a high niveau in the range 62,5-62,5$. Within this range there is no need for action. Clear signal might come only then, as soon as INSY moves upwards or below this box. Below the BOX @ you can exspect a fast move down to its 61,8 fibo-retracement @ 38,5$. In the long term, all signs stand still on “long” and this is as long as the long-term-uptrend is going on.
21.05. Update:
The old analysis is valid consitently. The Box is intact furthermore. With the yesterday`s tradingday the box lower edge was touched an was bought once more.
Trademarks Swingtrading:
-Long at the Tradingbox lower edge @ 52,75$ with target Box-upper-edge @ 62,5$
- Short @ Box upper edge @ 62,5$ with target Box-lower edge @ 52,75$
Trademarks Breakaway-Trading:
-Long > 62,5$ aim: 72,5$
-Short 62,5$ Ziel 72,5$
-Short < 52,75$ Ziel 62er Fibo 38,5$
With the yesterdays earnings the stock nearly crashed to ist former low @ 38,6 (The in my former Analysis mentioned "shakeout"-candle).
This LOW is the Level to watch now!
Below that Level i exspect a further selloff to the longterm channels bottom edge @ 33,5$.
Only Prices above 45$ will brighten the chart. and turn it bullish again.
former Analysis:
Huge shake-out-candle
Can insy close above this level, the bullish szenario is still active.
The tradingarea between 38,2-42,65 seems to be neutral - here is no action needed.
Below the last low at 38,2 a kiss of the longtermtrendchannels bottom edge should be exspected.
WOW - faster than a speedy bullet
INSY - the sky is the Limit
Today we see the insy close the second day out of their BB. My longterm-target @ 42/44$ is not far away from now.
The risk gets higher, that a healthy consolidation will come nearer, the shortterm situation is too overbought imo :-)
The drive of the breakout @ 31,1$ is massive and more explosive in thought...but ok...
A first target of the exspected consolidation is the 38 fibo @ 34,95$
INSY on its way up
- If INSY doesn’t break anymore through the supportlevel @ 31,25$ a wave to 40/46$ is perhaps possible
If INSY breakes through ist supportlevel @ 31,25$, a test of the former tradingbox-lower edge would be possible.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
11.05.2015 : Since the break through ist ATH, INSY is consolidating at a high niveau in the range 62,5-62,5$. Within this range there is no need for action. Clear signal might come only then, as soon as INSY moves upwards or below this box. Below the BOX @ you can exspect a fast move down to its 61,8 fibo-retracement @ 38,5$. In the long term, all signs stand still on “long” and this is as long as the long-term-uptrend is going on.
The old analysis is valid consitently. The Box is intact furthermore. With the yesterday`s tradingday the box lower edge was touched an was bought once more.
Trademarks Swingtrading:
-Long at the Tradingbox lower edge @ 52,75$ with target Box-upper-edge @ 62,5$
- Short @ Box upper edge @ 62,5$ with target Box-lower edge @ 52,75$
Trademarks Breakaway-Trading:
-Long > 62,5$ aim: 72,5$
-Short 62,5$ Ziel 72,5$
-Short < 52,75$ Ziel 62er Fibo 38,5$
