Long
$IIVI II-VI Proving Stronger than Anticpated, Even
IIVI has been on the rise since the News it would function largely in the production of Apple 5g. A previous LONG was called while still <41 / s, and it is now hovering near 45/s. That said, an entry at this point for a mega-long still makes plenty of sense.The adjusted trend lines show the (perfect) entry and exit points within the last month: The green trend should provide some guidance again if it breaks the NEW-upper resistance-point.
See related Idea from OCT 2nd for additional info Re: II-VI.
What we are watching now is to see if it begins some sideways trading action as it reaches a mid-point of the (more-narrow) new green channel.
There is a sense this could reach another level/equilibrium point which really only does one thing: leaves open a massive buy-window before the next rise. Presumably so, at least.
Note
This channel is holding true through Monday's trading session. A new idea will come if it firmly breaks either the support or resistance lines in the upcoming days.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.