IEA is nearing the end of the symmetrical triangle previously charted. While still holding that formation is also forming what appears to be a falling wedge (bullish). Bollinger bands are squeezing along with a MACD cross to close on Friday. Just some support and resistance levels to watch, see previous chart & description for price targets. Bullish will be looking for a breakout-
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IEA has been consolidating in this triangle for quite some time now. Undoubtedly a long-term play has held its support and looks to have found a bottom, with volume should really pop - Hidden bullish divergence on the RSI - Bollinger Bands squeezing indicating a big move - Buyer volume starting to pick up again - Held support at the $11.28 level, has resistance circa $13.59 and $15.51 PT1- $13.65 PT2- $14.80 PT3- $15.75
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