ICX DUE FOR RETRACEMENT AFTER HUGE RUN UP?
Symmetrical triangle formed on the 1hr chart, which is a bilateral pattern that can go either way.
Given the volume, and upcoming news for ICX, it may have energy to run one more leg up, but before that, sideways action is definitely necessary.
May see a retracement due to the lowering of RSI peaks, Bearish divergence in the MACD bars - as MACD looks like it's about to cross again, and the fact that the price action is stretched so far away from the 55 EMA.
I'm out of ICX right now. Waiting for bullish confirmation to get back in
Given the volume, and upcoming news for ICX, it may have energy to run one more leg up, but before that, sideways action is definitely necessary.
May see a retracement due to the lowering of RSI peaks, Bearish divergence in the MACD bars - as MACD looks like it's about to cross again, and the fact that the price action is stretched so far away from the 55 EMA.
I'm out of ICX right now. Waiting for bullish confirmation to get back in
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