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.
Interpublic Group of Cos., Inc. engages in the provision of advertising and marketing services. The company specializes in consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. It operates through the following segments: Integrated Agency Network (IAN), Constituency Management Group (CMG), and Corporate and Other. The IAN segment includes advertising and media services, as well as a comprehensive array of global communications and marketing services. The CMG segment offers events and public relations services as well as sports and entertainment marketing, corporate and brand identity, and strategic marketing consulting. The Corporate and Other segment refers to the Acxiom activities. The company was founded on September 18, 1930 and is headquartered in New York, NY.
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IPG
