Send me real-time posts from this site at my email
Fan Yang

INSY Therapeutics (INSY) Remains in Bullish Mode after Support Holds

Recently, we noted that Insy Therapeutics $INSY was at a key support. It has recently rallied sharply and retreated sharply as well. But around $8.70 there was key support.

INSY Daily Chart

(click to enlarge)

Support:
- The daily chart shows the key support factors around $8.70, mainly a common support and a rising trendline.
- We noted that even if price breaks this support, there was another line of defense around $7.50.
- Furthermore, the bullish candle during the 1/22 session engulfed several previous candles, which is a strong sign of bullish victory at this pivot.
- Clearing $10.00 is the next key event for the bullish outlook as well as finding support around $9.00 or above instead of falling back to $8.50 again. 
- The upside is towards $14.00-$15.00 area for now. 

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue