Made a significant move the past couple days, but there is still a lot of resistance to break through for a blue sky breakout. Right now, we will focus on the equilibrium pattern which is higher highs and higher lows. Needs to eventually break the high of today to continue the uptrend.
That was a big move upwards and broke through long term resistance which will now act as support.
This is starting to look good, It closed above the 20 for the second time since mid October.
I think it will come back down eventually to fill the gap outlined in red. Making big moves though.
Triple top ascending triangle breakout almost ready to go. Cup and handle ftw.
Bounce off the pink trendline me thinks, good luck.
Poor INSY. If you want to play this oversold bounce, I think it will hit resistance at about $6.50.
I'm predicting a drop down to the white trendline for a breather. Not quite, but almost an evening star formation on the day chart. If you are a long term investor, no problem.
Looking at it again, If the bulls can break the purple trend line, it could break out much sooner.
Ascending triangle forming. Looks to consolidate for a couple months. Can catch a nice swing if you time your entry right.
I'm expecting reduced volume and a tightening range for the next week or so until the next leg up.
First circle indicates where the potential cup and handle could breakout, the other two circles are where a breakout could occur should the trend line break.