$IMD finding support at the 10-week moving average

٨ أكتوبر ٢٠١٧

This is the first touch of the 10-week moving average since coming out of a loose Cup & Handle pattern back in early August. Institutions generally come in to buy on the first and second touch of the 10WMA after a base breakout, so volume on the bounce will be the key in the coming days.