Good and steady OBV. Furthermore with ema50 nearly flat and partially sideways since February. Near R1 pivot or 35 possibly if bullish momo continues. Stalk your entry. Follow your plan.
Operating Margin = +25.11% Gross Profit Margin = +58.33% Profit Margin = +16.10%
$IMAX must hold here @ the possible volume support line or its headed lower.
@1simpletrader at least we can see this train wreck on the big screen. Wasn't management on CNBC last week talking about how great business is? #PumpAndDump
Close over 38 is still bullish. $42 target on breakout
MACD bears were aggressive, resulting in ema50's slope to become negative. MACD has not made a bullish crossover yet. The risk at this juncture is to the downside, since price < ema50 and OBV < ema50(OBV). Obey your rules
OBV mildly bearish. If ema200 breaks, $38ish is a possible support test. www.tradearcher.com
Ascending triangle, entry above $42.
If IMAX opens above 39.43 consider using the Retest Gap Strategy. To get a free and complete trading education go to www.RealLifeTrading.com
Nice breakout today on decent volume. Technicals can support move higher. See if retest of 36.33 breakout level on any weakness to initiate position.