IEX has been consolidating since Jun 20 in narrow range and gave breakout 14 Sep 20 and retested its breakout level in previous day session. Formation of a good bullish candle here will make a good buy for swing / Long term. You can see inverted Head and shoulder pattern as well.
Break out is valid. But a Head and Shoulder is a trend reversal pattern. so...
Retailer_ki_dost
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@earnwhileulearn this is an inverted head and shoulder pattern :) bullish trend reversal pattern
earnwhileulearn
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@Retailer_ki_dost, YES I MEAN THE SAME HEAD AND SHOUDER NORMAL OR INVERTED , IT IS A REVERSAL PATTERN. THIS PATTERN INDICATESA TREND CHANGE, ITS NOT A CONTINUATION PATTERN.
iNSTEAD YOU CAN SAY IT AS ASCENDING TRIANGLE BREAKOUT.
Retailer_ki_dost
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👍🏻
Smmali
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yes, wait for strong bullish candle
good study
JifinancialLemur9798
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buy
NINJA369x
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FAIR value is lower tahn last close!!
meethims
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Retailers ki dost! What a name you choose. Great! This only boost confidence of retailers. Also good chart observation...