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IBN is currently showing a bull flag with a support at $ 9.81. As the resistance line of the bull flag and the support line intersect in the next few days, an outbreak up or down is conceivable. Depending on the outcome of this constellation, a long or short position could be worthwhile.
Another possible 2R if it can stay above the resistance breakout...swing trade in my opinion
Sell Setup :) Keep It Simple, Keep It Unique :) Happy Forex Trading :) Happy Profit Making :)
-long term trend- rising moving averages with strong trend -intermediate trend in positive with relative strength increasing with room to run -intermediate moving average is slightly weakening pulling back into .38 retracement level and where dynamic support is found -volume by price is showing there is volume in this area supporting evidence that shows possible...
In my option the bull run for IBN has been going on from $8.12 on 3/21 to high of $8.64 of late, now it is time for a retracement or reversal to the bear side. Also, per RSI indicator (RED) line has been broken by PA, by still at around 54 or positive or bullish territory. If you decide from your strategy to invest in this stock & buy shares is tomorrow a short...