Price have been moving in a slightly bearish channel since March, here it formed an ABCD pattern and broke out. Price then tested a bearish trendline and fell back into the channel again.
On the weekly, price have been moving in a massive flag formation with a minimum target at 4.77 dollars if it breaks out bullish. This flag formation has just been broken to the...
The correction consisted of a zig-zag
Now the uptrend seems to be established with lower level 1,2 completed and now it 3
Given the last impulses, this is promising, though it seems sanity has reached IDEX by now so I expect a more traditional price action
Watching IDEX to see if the current support zone holds and price turns up to retest the $5 resistance zone. If price drops below the $2.80 zone I will be looking for it to test the “Covid” trend line and and bounce to retest the $2.80 zone and hopefully back to the $5 zone.
FYI I am still learning, this is not financial advice. Constructive criticism welcome
Nio was once in penny land until it wasn't anymore. Blue lines confirm start of official uptrend on both stocks. $nio uptrend began around the $3.90 mark in MAY and took two months roughly to hit double digits, $Idex uptrend began around $1.16 in November and has been steadily climbing every since, today crossing over penny land. my level of technical analysis is...
$IDEX set to squeeze the shorts as 18.8% of the float is short. This $1 billion market cap EV player is one of the cheapest plays in the space.
Our last update on $IDEX:
Good luck to all!