In August and at 4th October the present level has been the low. It is a confirmed bottom now that we have reached now again. The Hammer can be seen as another confirmation. Thus it is more likely that the bottom will hold and we may see a retracement in the next days.
The PEAD projected a bullish outlook for $ICE after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 57.14%.
Was not planning to do any deep dive research for this one, but the long term trend of ICE is too obvious to ignore.
Despite the choppy daily chart with now and then a small jump, it did grind higher and higher, decades-long.
When dealing with such a long time frame, it's important to adjust the pr-ICE to splits, dividends, and rights offerings.
And let the ...
Following the recent sell off in the US market and general nervousness of investors is Intercontinental Exchange Inc attractive for short term gains?
Let's look at it in more detail.
Fundamental indicators:
Revenue and Profits - demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - varies between 25% and 40%, so it is...
The PEAD projected a Neutral outlook for $ICE after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
$ICE really nice shelf at its 50 MA after a multi month BO October.
Price wedged up 2 supply line after 4 up days last week.
wedging price action often corrects either right after BO or b4 BO (right about now).
I would watch it to see if it setups up a better pattern this week.
So many would wonder why I'm looking at this, you'll see why very soon for it will determine everything that happens.
NYSE:ICE
SP:SPX
TVC:SPX
FOREXCOM:SPXUSD
OANDA:SPX500USD
TVC:GOLD
TVC:SILVER
TVC:NDX
NASDAQ:NDX
CURRENCYCOM:US100
CAPITALCOM:US100
AMEX:SPY
CAPITALCOM:SPY
Consolidation was broken upwards, but the target was not reached. After a rollback down, the stock is bought in the area of the local support level 108. A breakout of the resistance level in the area of 121 may lead to an increase in the area of 134.
*valuation matters
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I alerted the dip on May 21, 2021 at around $113. ICE is now $118. Congratulations! You beat the bank! I like this stock because it has a monopoly on stock and commodity data we see everyday on the charts. I think of it as a savings account. Whenever it dips, I buy as much as I can. I plan to never sell the stock. Bye!
ICE is those slow and steady companies with a monopoly on the exchange market data. Don’t let this bounce off the 200ma pass. Buy the dip because this stock rarely dips.
Sharing this as an example of a setup that I would pass on. While the symmetrical triangle pattern looks appealing for a breakout trade setup, the constant higher than average volume on down days (Red arrows on volume bars) is indicative of distribution within the pattern vs accumulation. Its better to avoid setups with such characteristics. It might still...
