LONG idea INTELLECT DESIGN1) Morning star candlestick pattern at support
2) positive RSI divergence
Buying above 125 with 107 sl for 155 - 175 targets
MIDCAP
Incy - Long - ContinuationI will be paying a lot of attention to biotech throughout 2017 with trumps victory, i believe he may have opened the door on this sector. there are many reasons to support this please do some research if you are interested. There are quite a few midcap stocks on my list. Incy here is just one of them which saw a near 20% rise on trumps win and looks to be forming a pennant for continuation
ABTL: Potential weekly uptrend, heavily accumulated stockThis stock is an example of a great mid cap stock to own. Valuation is just right around here, and there's a chance to confirm a weekly 'Time at mode' uptrend signal, which would imply seeing upside to the 22 handle or so.
Technicals show a strong accumulation base, with the RgMov trend analysis indicator surging, showing hidden strength in the background.
Downside risk is only $1.46 from entry, if buying at market open next week, giving us a 3.29:1 trade, not too shabby.
Good luck,
Ivan Labrie.
