IEX -- Monthly chart --look like good days ahead,
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .
4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115
5. RISK REWARD ratio 1:4 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!
* HAPPY TRADING .!!
1. After sharp fall from 300 sub level stock seen above 21 HMA after many months as current month candle . if this candle manage to close above 21 HMA , stock again will be positive zone
2. Rounded Bottom cup form seen , bottom formation seen 125-30 sub level .
3. Near RSI , ema Positive crossover, this crossover will confirm trend reversal .
4, Potential upside 100% From current level ENTRY .. 135-138 target 150-180-200-220 stop loss bellow support level at 115
5. RISK REWARD ratio 1:4 from current level
** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK !!
* HAPPY TRADING .!!
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UPDATE : 28/03/2023
Weekly chart - consolidation -Breakout and breakdown level .
Weekly chart - consolidation -Breakout and breakdown level .
09/03/2023
HAPPY TRADING !!