INNT another 20% Jump Today (update)

11 apr 2018

INNT is now in the consolidation phase of the Big W pattern. This phase generally creates a triangle pattern, usually a symmetrical triangle, although a descending wedge is also possible. The symmetrical triangle formed by INNT is almost at its exit point. Once that happens, expect a sharp jump up, at minimum 20% today. Unfortunately, that jump up creates an even bigger symmetrical triangle, and I can't see which direction it will take without more information about the celiac disease treatment they have in the works. This might only be a setup for those that can intra-day trade, because if the bigger triangle breaks downwards the drop will be sharp and all gains from the day will be lost.

11 apr 2018

Nota

Spoke too soon, we've just created our Adam bottom, next up is a few hours of sideways triangle action followed by the jump up, the target remains, although it's up in the air whether we'll hit it today or tomorrow.

11 apr 2018

Trade chiuso: stop raggiunto

H and Shoulders has formed in place of the big W pattern and is now forming a bear flag.

12 apr 2018

Trade attivo

I've had a change of mind. I'm back in with an extremely tight stop loss set. I think the pattern will still complete, and we are now in the triangle of the Big W. Target still stands.

12 apr 2018

Nota

Bullish divergence gives me added confidence to go back in.