INCY MACD hidden divergence points to uptrend continuation
1) MACD lower low and price higher low = hidden divergence. This indicates possible trend continuation.
2) Price is currently at an approximate level of a validated uptrending line (more than 2 points)
3) Potential overhead resistance may be showing us an ascending triangle formation
4)The past 2 days have put in 2 minor pin bar rejections of the lower bollinger band
5) Trend is up therefore having a long only bias is appropriate
DYOR as always
2) Price is currently at an approximate level of a validated uptrending line (more than 2 points)
3) Potential overhead resistance may be showing us an ascending triangle formation
4)The past 2 days have put in 2 minor pin bar rejections of the lower bollinger band
5) Trend is up therefore having a long only bias is appropriate
DYOR as always