As it might be painful to see one of your holdings in a downtrend that looks like it's never ending.
ICX clearly shows its 2 key resistance levels that it needs to break to move to higher highs again and we will see the change in polarity when it breaks the first one and closes above it.
It Just hit its key support level and I did expand my position a little - I Couldn't help it- as it might be a while to see it making a big move upwards I am very much willing to be patient and will be watching it closely.. but for now i see this as a decent entry point that if you decide to take don't forget to set the stop loss that works with you.
Thoughts on this post are appreciated.
ICX clearly shows its 2 key resistance levels that it needs to break to move to higher highs again and we will see the change in polarity when it breaks the first one and closes above it.
It Just hit its key support level and I did expand my position a little - I Couldn't help it- as it might be a while to see it making a big move upwards I am very much willing to be patient and will be watching it closely.. but for now i see this as a decent entry point that if you decide to take don't forget to set the stop loss that works with you.
Thoughts on this post are appreciated.