MaGed_Essam
Long

ITMN triggers a buy!

23 0 0
The stock looks very bullish on both the daily and weekly charts.

First let's see the price structure in the daily chart: It move between the dashed line and the red line, forming higher highs and higher lows, and showing good respect to the 50-day SMA . Recently it moved strongly upward, breaking the red line then a setback to test that broken line. Entry at current levels is advised with stop loss below 51.00 and target not less than 60.00

Weekly chart confirms the same scenario: the stock is moving upward strongly after successfully completing a pennant pattern which helped the stock to go beyond its previous high at 52.00. The target of that structure is around 60.00

Buy!
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out