Amid the unbelievable consecutive greenssssss on EBIX, I came to a decision to sell and take profit. I believe EBIX is still a good firm in long run. But for now, it's time for me to move on... "THIS IS THE WAY." (quoting The Mandalorian) Thank you EBIX, it's been helluride, till next time! <3
TA looking good. Interesting one, shaky Q2 due to the pandemic, but this is just the beginning of long term growth. For the record, EBIX has been enjoying double digits growth for the past few years.
* Disclaimer: This is just my view on the investment. It is not a recommendation for a buy or sell. and most importantly, I could be wrong!*
EBIX Inc (EBIX - US) is in ABC zigzag pattern and moving down as under-performer than SPX. It’s now moving down in C wave. Wave 2 is completed and wave 3 is started. It is in massive downtrend which is added benefit for the trade.
Though is not the best bullish pattern, but it may, in most cases, pay off big time provided you identify with caution, because its easy to identify and give you a false breakout. If u plan ahead of the breakout, 80% time you will win. Now, the price still has a room to run upside for many reasons of the main one is the VOLUME it looks buyers are back and last...