The Stock has been in a falling channel pattern and has also made a symmetrical triangle which is a continuation pattern but a triangle also means that the sellers are ready to sell low and buyers are ready to buy high and this results to consolidation and then a point of breakout.
Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.
Buy Above - 254/Blue Line
MACD is BULLISH
RSI has room for BULLS
EMA are supportive
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
Ibulhsgfin looks bullish to me, if it breaks both the triangle and the channel then we will see a good upmove for the targets marked above.
Buy Above - 254/Blue Line
MACD is BULLISH
RSI has room for BULLS
EMA are supportive
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
