$IIVI has been on the rise since the News it would function largely in the production of Apple 5g. A previous LONG was called while still <41 / s, and it is now hovering near 45/s. That said, an entry at this point for a mega-long still makes plenty of sense.
The adjusted trend lines show the (perfect) entry and exit points within the last month: The green trend should provide some guidance again if it breaks the NEW-upper resistance-point.
See related Idea from OCT 2nd for additional info Re: II-VI.
What we are watching now is to see if it begins some sideways trading action as it reaches a mid-point of the (more-narrow) new green channel.
There is a sense this could reach another level/equilibrium point which really only does one thing: leaves open a massive buy-window before the next rise. Presumably so, at least.
The adjusted trend lines show the (perfect) entry and exit points within the last month: The green trend should provide some guidance again if it breaks the NEW-upper resistance-point.
See related Idea from OCT 2nd for additional info Re: II-VI.
What we are watching now is to see if it begins some sideways trading action as it reaches a mid-point of the (more-narrow) new green channel.
There is a sense this could reach another level/equilibrium point which really only does one thing: leaves open a massive buy-window before the next rise. Presumably so, at least.
Comment:
This channel is holding true through Monday's trading session. A new idea will come if it firmly breaks either the support or resistance lines in the upcoming days.
