IEX breakout above ~160 weekly resistance.

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We can see a change of character , with the weekly breaking about above 160 range.
Some consolidation or test of SR at 160 would give oppoortunity to add lower.
No significat resistance / supply zone till 200. That would be the first target.

Above that we can see the Fixed Range Volume Profile - giving us the next supply block around 255-260.

I expect this move to take 2-3 quarters (Jun-Aug 2024).

١٩ يناير ٢٠٢٤

ملاحظة

Market nuked IEX on account of fears in the market that IEX will most likely lose its monopoly status in the market once the market coupling mechanism is implemented. This could be a "shakeout".
Weekly close below 144 won't be particularly positive , but if it manages to hold 143-144 , then it can be an opportunity to buy (purely from TA perspective) , but if already holding from lower range, one should avoid adding more risk here.

SL would be below 125 weekly close.

٥ أبريل ٢٠٢٤

ملاحظة

Weekly EMA 200 ( has been holding as support, and we got a bounce from that.

On the Daily, we have a flip of 55,100,200 EMA (all compressing around 142)

This looks like a solid place to add with the weekly close at 145!
Minimum target would be 162 gap close.