Incyte Corporation (NASDAQ: INCY)

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States.

Take a look at the 1-year chart of Incyte (NASDAQ: INCY) below with my added notations:

1-year chart of Incyte (NASDAQ: INCY)

During the past few months, INCY has formed an important level of resistance to watch at the $70 (red) mark. The stock tested that mark again yesterday. A close above that $70 level should mean a run up to $75 (blue), at minimum.

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Weibo Corp (NASDAQ: WB)

Weibo Corporation, through its subsidiaries, operates as a social media platform for people to create, distribute, and discover Chinese-language content. It operates through two segments, Advertising and Marketing Services, and Value-Added Services.

Take a look at the 1-year chart of Weibo (NASDAQ: WB) with the added notations:

WB has formed a major level of support at $55 (green) during the past 3 months. If the stock comes back down to that level again, traders could be able to expect some sort of a bounce. However, if the $55 support level were to break, lower prices should follow for WB.

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FLIR Systems, Inc. (NASDAQ: FLIR)

FLIR Systems, Inc. designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

Take a look at the 1-year chart of FLIR (NASDAQ: FLIR) below with my added notations:

FLIR has formed a down-channel over the past couple of months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance.

When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that FLIR has tested its channel trendlines multiple times.

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Alibaba Group Holding Ltd (NYSE: BABA)

Alibaba Group Holding Limited, through its subsidiaries, operates as an online and mobile commerce company in the People’s Republic of China and internationally. The company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.

Take a look at the 1-year chart of Alibaba (NYSE: BABA) with the added notations:

1-year chart of Alibaba (NYSE: BABA)

BABA has formed a key level of support at $130 (green). The stock may be rolling back down to that level again, and traders should be able to expect some sort of a bounce if it does. However, if the $130 support level were to break, lower prices should follow for BABA.

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Mirati Therapeutics (NASDAQ: MRTX)

Mirati Therapeutics, Inc., a clinical-stage oncology company, develops targeted therapeutics to address the genetic, epigenetic, and immunological promoters of cancer.

Take a look at the 1-year chart of Mirati (NASDAQ: MRTX) below with added notations:

After declining from its July peak, MRTX has now moved into a sideways trading range. While in the range, the stock has formed a key resistance level at $42.50 (red), and a $35 support (green).  At some point the stock will have to break one of the two levels.

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