IEX -- Monthly chart --look like good days ahead,
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .
4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115
5. RISK REWARD ratio 1:4 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!
* HAPPY TRADING .!!
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .
4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115
5. RISK REWARD ratio 1:4 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!
* HAPPY TRADING .!!
Note
IEX target 1- 150 HIT ..9.30 am 09/03/2023
HAPPY TRADING !!
Note
Note
Note
UPDATE : 28/03/2023 Weekly chart - consolidation -Breakout and breakdown level .
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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.