-Severely penalized, INGN reached the low point ultimately traced.
-A large part of your penalty was due to numerous deficit balance sheets and, mainly, due to the increase in the American interest rate. We know that companies that depend on third-party capital to finance themselves are the ones that suffer the most.
-In the monthly chart, oddly enough, the “SETUP used” is pointing to the possibility of an upward pivot. This is really amazing to me! We even have a fund formed. Even more incredible.
-The weekly chart has already pointed and confirmed a bullish pivot, and we have prices always hovering above the head region of the bullish pivot at 11.35.
-On the daily chart we have the bulls very shy, therefore, I don't rule out that prices may, before rising stronger, come to test the 10.79 region again as a strong point for a bottom.
If prices do not lose the region of 10.79, an excellent buying window opens. We have just above the mega downtrend line and, if it is broken, the asset will be free to go up.
-Worth a read!
-Do your analysis and good business. -Be Conscious, If You Buy, Use Top! -See below for other graphic reviews!
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