The PEAD projected a Neutral outlook for $IP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
Price has aligned with a strong uptrend A horizontal line can be drawn which shows price prior being a point of resistance, but now price has evolved far enough that this same horizontal line is now a support line It is also right on the strong uptrend Long on this Weekly chart
Inverse Head n Shoulder Setup on $IP. Look for a possible move higher
The PEAD projected a Neutral outlook for $IP after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 81.82%.
Market just finished 1-5 Elliot wave and ABC correction and we believe it's a finished ABC correction because we have a strong demand zone and we bounced of a 61.8 fib zone which is reversal zone. Entry: 43 Target: 50.67 Invalidation: 40
Appears to be inverse H&S forming on weekly, end of decade PT 90$. Confirmed by near term double top imo, the earlier pattern bottoms the better split and dividend increases possible more so split. Value
A breakdown of the long-term resistance level may lead to an increase in the area of 88. Good dividends, buyback of shares. A return to the 57.35 level would be a good buying opportunity. But there is no guarantee that a retest of this level will occur.
Potential 2Down 2Up Weekly Reversal For IP : Per the Strat, this week I'm watching ticker IP (International Paper Co) for a weekly entry trigger at 57.70 (last weeks high). If that trigger is met, I'll look for it to reach a magnitude of 59.13 (week before last weeks high). If it can reach magnitude, then it could also continue up to previous highs. Just look out...
Confirming major resistance as support for first time while creating a falling wedge
Recent months have seen a shift toward cyclical stocks like International Paper, which has some potentially bullish chart patterns. First, IP spiked to $53.39 on January 6. That was the highest level since September 2018. Such a new high can indicate a stock is under accumulation – especially when it occurs so early in a calendar year. Second, the materials...
Should have grabbed this 12/4 when the alert hit. It may be a bit of a gamble now. Not holding options more than a week or so but buying in a manner that gives me room to be wrong (feb. expiration) I love this stock for repeat gains.
IP sell call 50 dec 11 premium 40$
IP broke out early Sept above the crucial resistance at $37.35 (April high) Also once it broke through $39 resitance line and shot straight into the low mid $40's where it became over bought The Long term down trend line (white line) did not offer resitance or support on either trip through it. There was some horizontal support at $40.21 which was the June...