IEL @ 9 NOV 2021
Text me if you have any questions/comments for me.
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IEL
- Previous analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound
- On 8 Oct (blue arrow), suggested entry at 35.75 levels -> If followed suggestion, would be getting 9% returns in roughly 3 weeks
- Stock created new all-time high before retracing to a weak test of the short-term support
- Today’s price action is technically a successful rebound
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock can create new all-time high
-----
IEL
- Previous analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and a successful rebound
- On 8 Oct (blue arrow), suggested entry at 35.75 levels -> If followed suggestion, would be getting 9% returns in roughly 3 weeks
- Stock created new all-time high before retracing to a weak test of the short-term support
- Today’s price action is technically a successful rebound
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest entry at current levels if believe the stock can create new all-time high
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