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QualQuantTrade
Sep 30, 2020 6:01 AM

IDEX Wyckoff Analysis and Proposed Entry Zone Long

Ideanomics, Inc.NASDAQ

Description

IDEX looks like it's bottomed out although still in the accumulation phase.
Expect testing to flush out the weak hands before upside trend begins.
Wyckoff based zone to begin establishing a position is indicated on the chart.
Comments
ericswift213
Nice graph though,
QualQuantTrade
@ericswift213, appreciate the compliment
ericswift213
It will test the 81-82c zone again. strong downtrend attempted 2 reversals and failed both times.

if it falls below 89C it will drop to 81C and start testing the Fib line.

I have a trailing entry set at 81-.85C just to be safe.

Currently do not see a reason for a reversal to happen in this company.
BoneFunkenstein
oh yeah this about to get bullish AF, hodl on to your panties

QualQuantTrade
@BoneFunkenstein, I agree, and for fundamental reasons along with the technical. Last earnings included at least 8M non-cash expenses so didn't reflect performance...next earnings likely will.
max69
OCTOBER... month of the bulls ;)
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