this is my bullish technical idea and price action analyze . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
Last Friday's inside candle should have been a tell all for $IBP, but my radar didn't detect it. The stock is getting some serious accumulation as seen from the volume and pushed through ATH today. It does like to hug 20-day though, so maybe a flag or pennant can soon form.
$IBP (Installed Building Products, Inc.) Support. Weekly chart.
there was strong initiative move by buyers with earnings, but sellers immediately took over and brought price back to control line of uptrend. I'd be looking at a short play back to lower trend line below value (see arrow).
It is very interesting this stock because the prices ara approccing the 200 weekly SMA and a wave ABC seems is going to be finish with A=C. My opinion is long from 40,70 with the stop ifthe prices will lost the level of 36,50 on close (montly SMA).
IBP is running within an upward channel breakdown. It has strong Twiggs moneyflow divergence. We think it has good downside potential. * Trade Criteria * Date First Found- November 9, 2017 Pattern/Why- Upward channel Entry Target Criteria- Break of $58.73 Exit Target Criteria- $50.63 Stop Loss Criteria- N/A Please check back for Trade updates. (Note:...