$IDEX - breakout or double top


Updating the fibs and chart as we move along.

Bulls held it together for most of the day.

Volume doesn't match the spike.

Would like to see $1.53 hold for tomorrow or else its looking double toppish.

$1.77 is the level to break to get bullish .


All the technicals are wonderful. BUT, I need your guy's opinions regarding on how the lawsuits/and the defending will affect the stock ? @max69 @IMF_Trading
Ksanti7 alidia
@alidia I’ve been saying this, it’s not a fake lawsuit, it’s actually pretty big deal, they lied about how huge their company site was (factory site, etc) by a huge number and tried to backtrack and say that they will “eventually” get that big. Short term this thing is a busy imo BUT long term who knows.. it’s def on my watchlist.
@Ksanti7 the lawsuit is fake if that's all you have. Alf has countered the claims and the only thing idea did wrong was over hyping their company site. Hindenburg has a history of posting fake strong opinions. Their also an advertising company.
+1 Reply
Nice work. Both tests of resistance levels also coincided with the SMMA on the 4 hour. Outlook for earnings report on August 11th is optimistic so I do expect a bigger breakout to the upside. Still time to retest the 1.20 support one more time if this breakout is rejected. Just my 2c.
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