INFI to target 72 soonINFI is preparing to go above 68.2 and target 72 soon
Using 30-min chart..
Positive technical indicators and last candle.
Stop loss at 59 should be considered.
INFI
INFI BUY/LONG NOW READY! 3.00 to 8.35 by End 2021!TICKER CODE: INFI
Company Name: INFINITY PHARMACEUTICALS, INC
US Stocks Health Technology Biotechnology
Position Proposed: BUY
FOMO BUY ENTRY: NOW READY (3.30)
NEXT BUY ENTRY: (3.00)
1st Partial Take Profit: 6.20 (July - August 2021)
2nd Partial Take Profit: 8.35 (End 2021)
NOTE THAT THE TIMELINE IS ONLY AN ESTIMATION
Stop Loss: 2.55
Technical Analysis
1. LARGE INVERTED HEAD & SHOULDERS PATTERN (Forming 2nd Shoulder)
2. Area of Confluence on EMA & structure level
3. Fibonacci Retracement at 0.786
4. 1st Partial Take Profit is at Fibonacci Extension Level 1 Grey Zone (Safe Zone) - This take profit is also at Key Level
5. 2nd Partial Take Profit will be at level 2 of Fibonacci Expansion Blue Zone.
6. 2nd Take Profit will be in the same price range as the Flagpole as well as 80% of the Head Price Range
Note that there might NOT be a RETEST FOR A RE-BUY ENTRY
INFI: resistance break! Cloud Break! all indicators GO!Take a look at this chart! all resistance broken and solid green light on INFI. 148% upside on tipranks by 6 analysts.
[INFIWETH] - Insured.Finance Ready to POP - DEFI Gem Right HereHasn't been on Uniswap long - but this project looks extremely promising. DYOR - but this could be a GEM in the defi space.
INFI is in a decending triangle - it could break to the downside - but considering it is such a new project, there is very strong support and its not dumping off. Being bought up at the support line.
Short term targets - red lines - could see a 100%+ gain in the short term.
Long term - the potential for this project is huge.
I'm a noob practicing TA - don't take my advice :)
1-2 Weeks swing idea for INFI stock - LONG.Based on strength I recognized from buyers in the last couple of weeks. And from the other hand, weakness of sellers while it pulls back.
INFI - Fallen angel formation Long from $2.14/$2.20 to $2.76INFI seems forming a flag formation. Volume has increased significantly. It has good insider buying as well.
We think, If it can break its 50 day MA it will continue upward.
* Trade Criteria *
Date First Found- December 26, 2017
Pattern/Why- Fallen angel formation
Entry Target Criteria- Break $2.14 or $2.20
Exit Target Criteria- 1st Target $2.76, 2nd Target $3.37
Stop Loss Criteria- N/A
Indicator Notes- Good money flow accumulation
Special Note- Decent insider buying
Please check back for Trade updates. (Note: Trade update is little delayed here.)
INFI REACHING A POTENTIAL BOUNCE LEVEL?INFI is in the middle of a strong downtrend. The chart looks overextended and it could be reaching a potential bounce level. Look to the small timeframes for confermations.
INFI breakout setupBroke a bull flag on the daily a few days ago, now forming a nice ascending triangle. No clear breakout price, but I'd say over 2.61 intraday on expanding volume or a close above 2.61 for a swing trade. Risk to 2.40 with a large gap to fill, but based on history, reward potential/price target up to 3.25
INFI - Pennant formation long from $2.50 to $4 INFI seems breaking out of a pennant formation. There is a potential for upward channel formation as well. However both pattern suggests upward movement & we think it has good upside potential up to $4.
* Trade Criteria *
Date first found- February 14, 2017
Pattern/Why- Upward Channel; Pennant formation.
Entry Target Criteria- Entry around 2.5-2.58 (Hit February 14, 2017)
Exit Target Criteria- target 1 $2.97 and Target 2 $3.18. Long term target of $4.00
Stop Loss Criteria- $2.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
INFI- Long from 1.42 to 3.43 After a huge drop INFI is consolidating & building momentum. Right now it’s sitting on a cluster of support & seems getting ready for a jump. Indicators in the hourly frame also suggesting a long. Huge upside potential as a lot of Gap to fill.
We are taking a long up to 50% fib level.
You can check our detailed analysis on INFI in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 8:20”
Trade Suggestion Date: 12th Jul
Trade Status: Pending
support 1.25buy now at 1.27
will test 1.4
huge volume will appear at 1.40 area
hold long to see $2.5
