INJ.. Still on track

Updated

Not much has changed with this chart.

We are working the pennants' range currently and watching that 200 sma.

BTC will decide the fate of the direction.

If the break out happens to the up side. Wow!, it looks really good.

Keep the stops active and protect them profits.

I cleaned up the chart some to help see the action better.

Note

That was a fun little ride today. INJ got on top of all the SMA's ( simple moving averages). NO also above the 0.236 fib with a 5% room to go up to that top pennant area.

Moving up should be easier from here in the short term. Note if BTC holds or moves higher the alts will follow.

Have fun and Dont's Panic.

Note

Ok we are sitting up on top of all the SMA's and pretty close to the top of the pennant with a small pull back.

I would think it might give us a small push up to really test the resistance to push up and out. ( personally ) I believe it is not ready to break out. I have been wrong before but I am wondering where the catalyst is for that move.

ok stay vigilant .

Note

we broke out of that pennant shape and moving up that flag pole nicely.
INJ broke out early with the help of BTC.
With that, keep in mind when BTC pulls back more than likely INJ will too.

Secure them profits and have some dry powder for the dips.

Note

Now that we have a nice break out of the pennant This is where i struggle on TA .. because a pattern has not emerged.
we do have another smaller bull flag forming and this could just push up to those higher targets from the larger flag pole.

Take some profits.
Thank you all for the support.

Note

looks like we are finding some support on the SMA 15 ... we did crash through all the smaller sma's but bounced off the wedge.
I am hopeful for a Livermore pivot .

Sir-Kameleon

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