- IEA has been consolidating in this triangle for quite some time now. Undoubtably a long-term play, has held its support and looks to have found a bottom, with volume should really pop - Hidden bullish divergence on the RSI - Bollinger Bands squeezing indicating a big move - Buyer volume starting to pick up again - Held support at the $11.28 level, has resistance circa $13.59 and $15.51
PT1- $13.65 PT2- $14.80 PT3- $15.75
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IEA is nearing the end of the symmetrical triangle previously charted. While still holding that formation is also forming what appears to be a falling wedge ( bullish ). Bollinger bands are squeezing along with a MACD cross to close on Friday. Just some support and resistance levels to watch, see updated chart. Bullish will be looking for a breakout-