IEX breakout in cup and handle pattern
key points to be noted :
> since may,23 to 15th dec,23 it had formed a cup pattern and has consoliated in 8 months
>now after 15th dec, it has formed a handle pattern till now.
>it had a very strong resistance near @160 level which is supposed to be broken in next fews sessions.
>now we may see an uptrend for sure if it closes above 165 to 170 level with relatively high volume.
>RSI shows an 60 shows a strong buy
>keep an eye for this stocks
> since may,23 to 15th dec,23 it had formed a cup pattern and has consoliated in 8 months
>now after 15th dec, it has formed a handle pattern till now.
>it had a very strong resistance near @160 level which is supposed to be broken in next fews sessions.
>now we may see an uptrend for sure if it closes above 165 to 170 level with relatively high volume.
>RSI shows an 60 shows a strong buy
>keep an eye for this stocks
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.