2waytrading
Long

$EBIX Upside momentum is far from Over

NASDAQ:EBIX   EBIX INC
105 0 0
Though is not the best bullish pattern , but it may, in most cases, pay off big time provided you identify with caution, because its easy to identify and give you a false breakout. If u plan ahead of the breakout, 80% time you will win. Now, the price still has a room to run upside for many reasons of the main one is the VOLUME it looks buyers are back and last 3-sessions price kept moving higher..any pull back from here is an opportunity to add more to see if price can print the projected price target at and around $17. If you decide to take this trade, make your stop loss at recent swing low or at the breakout point entry. U can also visit http://www.2waytrading.com for real time alerts.
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