Making_Profit

IDEX 4H Chart Study

NASDAQ:IDEX   IDEANOMICS INC
***Remember I'm not a professional analytic, this whole idea is based on my knowledge and opinion. **

This is only my Idea, don't buy or sell because of my idea. Do your own research in the company before deciding either buy or sell at your own risk.

Since June 4th, 2020 IDEX in the 4H chart still almost 300% up. Price fell from $3.97 to $1.20 after Hindenburg Research release some information of a possible fraud of the company. Beside that information in the chart analysis the stock for me looks in a consolidation after that huge spike from $0.36. Why I think it is in a consolidation and not down trend? Because if you see the that support level at $1.20 and resistance $1.75 the stock still moving in that range. Also, something that I like from this chart is the Candles Still doing trading above the SMA 200. If the stock goes up in that pattern it’s very possible to reach $3s again, if the stock price break resistance it can go lower.

Good luck to everybody and posts your opinion here also, they are welcome. Thank you.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out