Long
IBKR: Brokers Strive on Volatility
Fundamentals: Positive
Brokers -even low margin ones- strive on volatility
The more volatility, the more transactions
This augurs well for earnings at IBKR
Go/stay long into earnings
Technicals: Upward Looking
Stock has been showing good relative strength
Short/Med term technicals strong
Good support at 50
Flows: Supportive
Has been consolidating on low volume
And rebounding on higher volume than average
Strategy
Go long between 50 and 53 or on a break above 56
Stop-loss at 50
Target 56 / 62
Brokers -even low margin ones- strive on volatility
The more volatility, the more transactions
This augurs well for earnings at IBKR
Go/stay long into earnings
Technicals: Upward Looking
Stock has been showing good relative strength
Short/Med term technicals strong
Good support at 50
Flows: Supportive
Has been consolidating on low volume
And rebounding on higher volume than average
Strategy
Go long between 50 and 53 or on a break above 56
Stop-loss at 50
Target 56 / 62
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.