INJ - Legacy Trendline Tap

2 Nis 2023

INJ has just retested a trendline that has been established since May of 2022. It began as a trendline of support before being broken and flipped into new resistance. Now we have had many touch points upon this trendline that have continued to act as resistance. Therefore, after the tap today it could be a good idea to look for some good risk/rewards shorts. A decisive break above $5.50 would be an invalidation of this thesis.

Also it seems like our daily RSI has triple topped at the time of this post.