IEX Buy, based on Weekly chart.

13 พ.ค. 2023

IEX is finally showing signs of a consolidation and also a potential breakout after a healthy correction from ATH. With RSI at 50+ on weekly charts, this makes it a good candidate for buying on dips for as long as trend is up.
To ascertain if trend is up please keep track of certain indications -
1] Price action - Higher high and higher low formations
2] Moving averages sloping upwards
3] RSI above 50.
Please keep an appropriate stoploss based on either support zones, moving averages or ATR and make sure to implement proper position sizing.

7 ก.ค. 2023

บันทึก

IEX is now at a crucial demand zone, if it breaks the zone, it would certainly be wise to exit!