Monday, August 18, 2014

Intercept Pharmaceuticals, Inc. (ICPT)

3 things to focus on concerning ICPT ;
1) Key resistance (circle) price is right on that level
2) Candle reversal, yes we did get good news/volume, but that candle reversal should be a warning sign.
3) The "key level" means, now price needs to remain "above" that level and rise
4) We do have a "gap", will we first close it and rise again?
5) Bearish scenario? Price dips below 250
So far, bullish signal is intact, but we do have a few "warning signals"

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