IQV bottoming out bullish reversal is confirmed after all indicators see strong bullish momentum. Ichimoku shows a three bullish golden cross and the strong bullish gap up above the neckline resistance of the inverted head and shoulder speaks of strong reversal.
MACD has come back as MACD/signal line is rising strongly towards the zero line after a bottom crossover. Histogram is positive.
Stochastic Oscillator is oversold and confirms the reversal signal .
DMI is strongly bullish
Maintain target at 256 over the longer term period. Key support is at 144
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.