IEX in an uncharted territory, RSI above 60 (bullish) etc
IEX on weekly charts looks extremely good. REASONS :
1. Made a new 52 week high (trading on uncharted territory)
2. Good Volumes
3. RSI above 60 (Also took support at 60)
4. Compress the chart to see it crossing major resistance level.
PS- If continues to hold above 204 on weekly charts.... a clear buy.
time period- 3-6 months.
1. Made a new 52 week high (trading on uncharted territory)
2. Good Volumes
3. RSI above 60 (Also took support at 60)
4. Compress the chart to see it crossing major resistance level.
PS- If continues to hold above 204 on weekly charts.... a clear buy.
time period- 3-6 months.
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