biotech momentum compresses; needs a weekly punch-through.
INCY and big-biotech momentum are compressing constructively, setting up for a bullish weekly move if it clears resistance.
INCY is described as having made a strong upside move and now consolidating with good momentum and low ADX as moving averages converge. The confirmation trigger is a punch through the key resistance area on a weekly closing basis, turning the compression into renewed upside.
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