IPOE reaching bottom of trend channel, potential for bounce

More of a trend analysis rather than Elliott Wave, but just looking historical, IPOE seems to have a strong bullish move when approaching the bottom of the trend channel. Looking for maybe 1 dollar lower. Positive div on the MACD is also constructive.

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Copyright Rohan Karunaratne 2021

Comment:

I don't remember if I discussed this on a market review video, but I did take a position in this, just to be transparent about it.