CHECK THE ANALYSES SHARED ON TRADING VIEW AND SEE HOW THE ANALYSES WERE DONE WHICH GAVE HANDSOME RETURN
CLICK THE LINK TO SEE THE IDEA I DISCUSSED FEW DAYS BACK ON TRADING VIEW
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IEX GAVE RETURN AS DISSCUSED BACK AND IT CAN ALSO BE HELD FOR MEDIUM TO LONG TERM
1. STRONG STOCK
2.STRONG FUNDA
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.
Note: This is for educational purpose only.
There is an ascending triangle bullish breakout with ultra high volume. Moreover, RSI is above 65 which indicates bullish momentum.
The news side:
IEX is to commence trading on GTAM from this Friday, 21st August 2020, which gives the stock good support as well as a boost for a good upward movement.
The levels:
The 196 level seems cautious, may work as resistance.
However, the latest formed depth of head & shoulder pattern gives a target of 200+
