priceprophet

IXIC update for week ending 8 November 2019

TVC:IXIC   NASDAQ Composite Index
Weekly Data Summary Suggests:

Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 8359.15 - 8633.73
No Conolidation Exists at this time
Out of the combined (weekly & daily) indicators monitored, 0.00% are bearish , 100.00% are bullish and 0.00% are neutral


The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current weekly reading of: Bullish
The RSI that monitors bearish strength has a current weekly reading of: Bullish
The strength demonstrated over the last 5 weeks is currently: Bullish

Daily Data Summary Suggests:

Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 8475.30 - 8556.23
Price Consolidation has formed between: 8379.3 - 8483.2

The prices have moved 3.4 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Bullish
The strength demonstrated over the last 5 days is currently: Bullish

Comments:
The IXIC appears at this point to have exhausted most upward strength. It was has been a five week climb to the new highs.
The price projection from the week of 14 October had a target of 8311.92 which was filled this week.
There is a gap from October 10 and 11 between 7982.8 - 8046.8
In order to solidify the foundation of this run, anticipate prices to return and fill this gap. This will be an excellent buying opportunity.


** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **

*** I will be traveling from end of November thru end of December. I will update as I am able. ***
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