IEX weekly chart you have put up shows a nice rounding structure. The early bottom phase of the rounding structure is as marked by you by horizontal range in lighter shade. In these kind of structures, the targets to look out for are usually the previous tops or all time highs visible on the structure.
Fundamentally I don’t track IEX too closely, (it is vulnerable to govt regulations and diktats) but overall chart structure looks good.
Subscribe To Our Free Newsletter |