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jacobosiason7

Bullish- Long Play

Long
jacobosiason7 Updated   
NASDAQ:IEA   None
Trend Analysis Chart Patterns Technical Indicators iea Bullish Patterns long-term infrastructure cleanenergy squeezing Hidden Bullish RSI Divergence
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trendanalysis chartpattern indicator iea bullish long-term infrastructure cleanenergy squeezing hiddenbullishrsidivergence
- IEA has been consolidating in this triangle for quite some time now. Undoubtably a long-term play, has held its support and looks to have found a bottom, with volume should really pop
- Hidden bullish divergence on the RSI
- Bollinger Bands squeezing indicating a big move
- Buyer volume starting to pick up again
- Held support at the $11.28 level, has resistance circa $13.59 and $15.51

PT1- $13.65
PT2- $14.80
PT3- $15.75
Comment:
Comment:
IEA is nearing the end of the symmetrical triangle previously charted. While still holding that formation is also forming what appears to be a falling wedge ( bullish ). Bollinger bands are squeezing along with a MACD cross to close on Friday. Just some support and resistance levels to watch, see updated chart. Bullish will be looking for a breakout-
Comment:
Price Target 1 reached âś…
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