Computer algorithmic evidence all over IEP. Can this be the beginning of a massive 300% run for IEP in the future? Its very likely.
Enjoy the video as i explain why that could be the case.
thank you for your time guys and gals
BIG thank you to Sam at tradedevils on youtube. He really showed me how to take advantage of the fibonacci retracement tool.
I think last week's pullback in equity markets was a good thing. The market got overheated and it gave us a reminder that stocks don't always rise. Memories and patience are short in the finance industry especially with some recent trends (blockchain) skewing people's perception that building wealth gets built overnight. Not the case, in the past 50 years of the...
We can see on the chart that IEP has been building a base around $53 and is holding in a relatively tight range, IEP is a conglomerate company with a focus on M+A, takeovers, LBO's and more. Their PE Ratio is under 5, and you get paid 11.5% to wait for this one to pop. Never a bad thing. Furthermore, this stock usually outperforms the market in times of extreme...
IEP, investor guru Carl Icahn's stock company Icahn Capital Management LP is currently riding along a major trendline which goes all the way to it's highest peak. This trendline has some strength to it, and after a previous breakout from a previous trendline along a similar angle, the stock is looking to move higher. There is also a line of support beneath this...
Generally speaking, I'm testing my new trading system.
IMHO, it is a great experience to write down all your trades, as it is much easier to analyze them later.
Thus, I'm publishing my ideas here. It will be also great if some of my trades will help all of us to get some profits)
I'm also attaching my risk calculations.
Normally, my risk per...
The WVF indicator is a synthetic volatility measure and is the best bottom picking indicator I have found. We have Chris Moody to thank.
Basically when the candle is orange it signals a potential aggressive entry point. When the candle is magenta its a good buying point.
I am a long term fan of legendary investor Carl Icahn. His fund IEP has had a tough time...