ICON plc
Long
Updated

ICLR: Bullish Setup at Strong Support with 1/10 Risk/Reward

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ICLR has been in a historical bullish trend 📈 and is currently positioned at a strong support zone, offering a potential buying opportunity. There’s a potential local double bottom formation, and the last candle is a bullish engulfing pattern 🔥, signaling a possible upward reversal. Over the past few months, volume has increased, indicating growing accumulation. With the all-time high (ATH) not far away 🎯, the risk/reward ratio to ATH stands at a favorable 1/10. This setup presents a promising opportunity for a bullish move toward new highs. 🚀

https://www.tradingview.com/x/Wep0eVov/
Trade closed: stop reached
Stop-loss on ICLR has been triggered.

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