IEX the monopoly company has Double Bottomed for a reversal
IEX has closed above EMA 9 & 20
the stock has taken multiple rejections from EMA 50 line which also acts as main resistance to the stock price since a long time.
The stock is expected to reach the target price by taking its previous price actions.
The stock price may retest EMA 50 before hitting Target 2.
Place stop loss GTT trade while taking the position.
remember to authorize the sell every morning to execute the GTT trades successfully.
Note,:
This trade idea is entirely upon my personal observation, this is not a recommendation or call. I request you to do your own research before taking the trade.
Do comment for any doubts or clarification.
IEX
the stock has taken multiple rejections from EMA 50 line which also acts as main resistance to the stock price since a long time.
The stock is expected to reach the target price by taking its previous price actions.
The stock price may retest EMA 50 before hitting Target 2.
Place stop loss GTT trade while taking the position.
remember to authorize the sell every morning to execute the GTT trades successfully.
Note,:
This trade idea is entirely upon my personal observation, this is not a recommendation or call. I request you to do your own research before taking the trade.
Do comment for any doubts or clarification.
IEX
Trade closed: stop reached:
Trade reactivated with SL below 150
Trade active
Trade closed: stop reached
