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aet61

INCY // Inverted head and shoulders formation

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Incyte Corporation (BATS:INCY)  
aet61  
BATS:INCY   Incyte Corporation
Chart Patterns Head and Shoulders Moving Averages
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chartpattern headandshoulders movingaverage
Although there is a reverse head and shoulders formation on the chart, the targets are drawn according to Fibonacci. We need closes above the wedge resistance. Pay attention to the wedge resistance in the weekly time frame.
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