IEX FORMING ROUNDING BOTTOM CAN BECOME 4X IN LONG TERM
The stock has been forming a rounding bottom pattern on the weekly timeframe the 2 stages are completed which are the downtrend and the consolidation and now the stock is ready for the uptrend also the pattern is quite similar to that of zomato and amaraja batteries of which both are trading at lifetime high now
If we look fundamentally at the stock the stock has monopoly and pretyy dominant position in its sector and revenue growth seems to be uphill profits are highest ever but the price has not showed any movement yet
Targets are mentioned on the chart
If we look fundamentally at the stock the stock has monopoly and pretyy dominant position in its sector and revenue growth seems to be uphill profits are highest ever but the price has not showed any movement yet
Targets are mentioned on the chart
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