IP uptrend update
Uptrend in IP is going well. Bottom of the key resistance zone was breached yesterday and price is now consolidating. Showing a bull flag on the hourly chart.
Note the difference between now and early July where the trend touched resistance, did not breach it and was rejected.
RSI on the daily is only at 60 (approx) with lots of room to run. MACD on the daily just crossing over as well. The last MACD crossover into bullish held for two weeks.
I am planning to add to my position if this current support holds and looks to break out.
Note the difference between now and early July where the trend touched resistance, did not breach it and was rejected.
RSI on the daily is only at 60 (approx) with lots of room to run. MACD on the daily just crossing over as well. The last MACD crossover into bullish held for two weeks.
I am planning to add to my position if this current support holds and looks to break out.
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