INFI breakout setup

15 Şub 2017

Broke 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

15 Şub 2017

Not

Held trendline and got some good volume into close. Notice last 2 days on the last 2 5min. volume sticks, very similar, but increasing each day. May not mean much but interesting indeed.

16 Şub 2017

Not

Tightening. Staying in formation on less volume. RSI is clearly overbought but as long as this stays in formation, it can go. I wouldn't be surprised if it picks up volume in next few days, barring a huge pullback in the market.