1. Price candle break out MA 200 on 17 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 13 Sept '23 and 18 Sept '23 to shake out weak retailers. Price candles maintain closed above MA 200.
3. GC (Golden Cross) MA 50 & MA 20 happen on 30 June '23 give another strong signal the price is build up...
The share hit our target at 0.36. Be cautious for holding buying position as this level has been a support turns to resistance and the price has met with 200-w SMA. Overbought condition is seen on both RSI and Stochastic.
Closed higher this week above resistance at 0.255, IBHD is assessed as technically bullish for short term towards next Fibonacci target level 2.618 at 0.36. The share has support point at 0.21. Price movement below this level could push the price lower to 0.15.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
Note
- Base on Trendband chart, the price movement in ongoing correction. Retrace almost successful. But seem that suggest the price shall go longterm which is consuming about 90 days onward.
An ABCD bearish appears on the IBHD's chart. Which indicates the price will be going up, up-to-the-price at the greener line before doing a reversal at the red line.
Trade at your own risk. All the best traders !
This is like a textbook case, the market pretty much moves in a very uniform manner.
With this support(blue line) and resistance(red line) lines it is almost certain that when market break and close above 1, it will move to the next.
Pretty much a heaven for traders, but you have to calculate and consider if the commission you need to pay, worth the effort.
Strength in the chart:
1. 4 Strength signals in the background
2. Change in trend
3. Low volume support with Spring
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Thanks for following us!
Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its...
IBHD - Bullish candle pushed above upper BB with strong volume and MACD bullish crossover seems to have chance bringing continued trading interest. Resistance at 26.5, support at 24
Strength in the chart:
1. High volume down bar
2. Accumulation
3. Line Change high volume
Hit the "LIKE" button to support us :)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
