Given the mayhem with BedBath & Beyond, Carl Icahn and IEP have been in the mix, and shorted to death, but looks to be potentially reversing. A break and measured move above trendline would send IEP back to its original trading area just months ago (Historically sideways in this area for many many trading months. an %88 measured move (also a fib level) plus its...
IEP has formed this nice Triangle structure which could be classified in my opinion as a symmetrical triangle or as a bullflag if you include the run up before hand as I have in this example
The Gaussian Channel indicator shows indecision.
This will likely break out to the upside, as symmetrical triangles / bullflags normally do
A friend asked my opinion on this stock. This video is for teaching purposes. Keep in mind that this is my opinion, and I could be very wrong about this stock. There could be other reasons to enter a position depending on a person's trading style. My trading style is stage analysis and CANSLIM.
Immediate targets 51, 49, 46. Invalidation at 64.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Icahn is at it again. What goes on at IEP, what goes on in the Icahn's walled garden. For some to know, for most, not so.
Earnings coming in late Feb with a divy in March? Still $2 for a 16% yield, not bad. Thanks for sharing.
Carl Icahn's accountant hard at work?
More questions than answers. Just go with it? IDK
DDD and GLTA.
After a gap down and consolidation in late 2021 we saw a double bottom and a massive green candle to start 2022.
Price blasted through the .23 fibonacci level and closed well above it.
With a 15% + yield and one of the great investing O.G.s in charge I feel that this is an opportunity to get in IEP at a reasonable price for a long term hold/swing.
Looking to...
A beautiful flat here nearing completion with C Wave in its late stages. I have probably oversupplied the number of targets beyond what is practical, but hey, this is not financial advice.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with...
IEP. Some rich fuckers company (Carl Icahn net worth 15.6 Billion). Dude probably has an ego and won't let this be beaten down much more before he starts just buying it himself. Sometimes you just gotta follow the money. The rich are always getting richer.
Looks oversold here according to RSI and the MACD is actually trending towards a flip to green despite the...
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.
Rigo
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...
