Bullish Shark with a small amount of bullish divergence. I am waiting on price to react to the reversal zone, create a little more bullish divergence, and then I will go long.
Here is what I believe is happening.
IPG is in a cup and handle pattern, under going the handle at the moment.
1. its currently short term over sold
2. handle formation has retraced 30% of the cup (so far)
3. price appears to take support on previous upper trend resistance (valid if price does not break through and...
IPG, Set buy limit order with other cancels other for target/stop. If you noticed I drew my red line where the green bar was at and within the time it took to create this idea it already dropped into my blue buy order. I will leave it as such since it looks like there is strong demand for shorts. still learning.
Buy Order: 24.25
Target: 22.50+
Stop: 25.25
Time...
The long and short term trends are both positive. This is looking good! IPG has an average volume of 4485680. This is a good sign as it is always nice to have a liquid stock.
The Interpublic Group of Companies, Inc. is a global advertising and marketing services company. The Company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations and specialized communications disciplines. It operates in two segments: Integrated Agency Networks (IAN) and Constituency Management Group (CMG). Its agencies offer customized marketing programs for clients that range in scale from global marketers to regional and local clients. IAN consists of McCann Worldgroup, FCB, MullenLowe Group, IPG Mediabrands, its digital specialist agencies and its domestic integrated agencies. CMG consists of its specialist marketing services offerings. It has three global networks: McCann Worldgroup, Foote, Cone & Belding and MullenLowe Group, which provide integrated, advertising and marketing solutions for clients. Its global media services companies include UM and Initiative, which operate under the IPG Mediabrands umbrella.
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IPG
