$IMXI is also looking promising and showing that relative strength that you should be looking for in a bear market.
Technicals: * Very good earnings quarter over quarter * Steady up trend and seems to be starting a new leg higher * Sector: Technology - Information Technology Services * Relative Strength vs. Sector: 4.17 * Relative Strength vs. SP500: 7.42 * U/D Ratio: 1.45 * Base Depth: 27.85% * Distance from breakout buy point: 12.87% * Volume -24.65% below its 15 day avg ...
* Great earnings * Possible start of a stage 2 up trend * Sector: Technology - Information Technology Services * Relative Strength vs. Sector: 2.82 * Relative Strength vs. SP500: 4.8 * U/D Ratio: 1.53 * Base Depth: 27.85% * Distance from breakout buy point: 7.07% * Volume 153.75% above its 15 day avg. Thoughts: * This, at the moment, seems short term extended...
Break of channel here, wait for slight retest on a lower timeframe and look for entry to top weekly trendline where the major resistance is.. I will enter on buy confirmation on a lower timeframe if it lines up with my other confirmations. Thank you! Good luck
Looks like IMXI may have found support at 15.91 (100% fib retracement) Resistance at 16.46 and the first target of 16.85 and then 17.27