INCY has very high (3412) P/E ration & in the technical side INCY is forming a downward pennant in longer frame & a upward channel.
Both suggesting a decline, money-flow is showing neg-divergence & running strongly downward. We think it will decline around 60 or lower
You can check our detailed analysis on INCY in the trading room/ Executive summery link here-
www.youtube.com/watch?v=cHGvMBR_...
Time Span: 13:00"
Suggestion date: Aug 17th (before market)
Trade Status: Opened Aug 17th
Both suggesting a decline, money-flow is showing neg-divergence & running strongly downward. We think it will decline around 60 or lower
You can check our detailed analysis on INCY in the trading room/ Executive summery link here-
www.youtube.com/watch?v=cHGvMBR_...
Time Span: 13:00"
Suggestion date: Aug 17th (before market)
Trade Status: Opened Aug 17th
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