IEX oversold but still seems to be overvalued if compared with market/sector-wise condition. Price Holding near 1st support and trading in a range. If the price takes support and rally further, we will see a good long position.
Comment:
Plan a long position after the breakout or if the price again pullback to its 1st support from immediate resistance. For the current position, SL will be big and since stock comes under MTF, be careful with lev. Long term view seems to be positive for good risk/reward.
Comment:
Hourly price movement following ascending channel pattern, that can be used for intraday.