INTERNATIONAL PAPER CO

NYSE

IP

Over the 2 weeks, we've been spotting red flags in IP as buyers started to struggle to prop it up, expecting the 44 support to break down soon. Sure enough, we are seeing a clean move downwards the past trading session and I am expecting to see more sellers piling in seeing a target price at the 40 psychological support where some short covering can happen

ip technical bottom retracement

Bullish count for IP

IP is approaching our first resistance where we might see a corresponding drop in price to our first support. Stochastic is also approaching resistance as well.

IP is approaching our first resistance where we might see a corresponding drop to our first support. Stochastic is approaching resistance as well.

IP is approaching our first resistance at 49.59 (horiozntal overlap resistance, 38.2%, 50% fibonacci retracement) where a strong drop might occur below this level to our first support at 37.78 (horizontal swing low support). Stochastic (21,5,3) is also approaching resistance where we might be seeing a corresponding drop in price.

recap on ip I

Could Stay in the Channel or Breakout above the trend line.

I think with the long awaited war against plastic this company has great potential to grow. The company depends heavily on raw materials such as wood fiber, purchased in the form of pulpwood, wood chips and old corrugated containers (OCC), and certain chemicals, including caustic soda and starch, and energy sources, principally natural gas, coal and fuel oil....

IP is approaching our first resistance at 49.59 (horizontal pullback resistance, 50%, 38.2% fiboancci retracement) where a strong drop might occur below this level pushing price to our major support at 37.78 (horizontal swing low support). Stochastic 21,5,3) is also approaching resistance where we might see a corresponding drop in price.

This 120m chart of IP shows the stock breaking trendline support and then holding a re-test of the trendline as resistance. Further, price action from the high looks to be a clear "5 down, 3 up" Elliott Wave pattern. Initiating a short position at 53.50 for a continuation lower, with a profit target at 43.50. A move above 60 would cause me to reevaluate the trade.

Failed mergers, an industry where consolidation and change are struggling to bring shareholders value. There's a lot to be wanting to try and keep up with the current "value" market. However, International Paper will struggle fiercely to try and impress. Lowest fib level is what demonstrates the inability of the company to break out. We've now plunged under it and...

Here is an opportunity for an entry in IP on a 5 year 200 day pullback. Stop set at 40.00, but will stay in it only moving up to breakeven.

IP consolidated for a few months below 60 creating an acsending triangle yesterday price broke above resistance level on high vol and today momentum continued stock looking very bullish as long as 58-59 acts as support

NYSE:IP

IP signalled a short trade twice and please note that I am already in this position. However, I believe it still has legs to hit the target in the circle.

IP in a rectangle approaching ATH. Entry > 58. 95 Stops < 49.6 Target 1: 88.90 :) Target 2: 139.01 :D Target 3: 563.50 :o