$INJ 1D

The chart clearly shows the formation of a bullish pennant pattern, which suggests the development of an upward impulse.

Of course, the formation can work downwards, but I give priority to breaking through its upper border. In this case, the most important resistance level will be 18.16. If we consolidate above it, the growth target will be the level of 23.7+ with the potential for updating ATH (25.01).

As we see, sellers are trying to exert pressure, but nevertheless the price does not record strong drops. This means that buyers are very well received. The RSI indicator has also cooled down well. It’s good that the indicator value remained above 50, which suggests a continuation of the bullish trend and another wave of growth.

If the price goes under this formation and consolidates below 14.4, this will become a serious signal for a correction to at least 11.8.