IOB looks bullish on weekly and monthly time frames and is moving upward, taking support on 40 RSI Highlights Increasing volume when breaking the neckline level 38 Decreasing volume while correcting the price Weekly RSI taking support on 60 & moving back up Even if we set stop loss below the previous swing low, we can comfortably achieve a risk-to-reward ratio of over three. Good trade for the short-term. It has retested the neckline and moved upward, a perfect entry to make position with a slight stop loss. If the trend continues, we may see 69 levels shortly. The depth of the cup is the target from the neckline. There is resistance at 65 levels.