Possible breakout brewing to the upside on IQ
A meaningful line of support and resistance at around 20.50 has been tested since May 2019. Positive signs for a long perspective include the price being above the 200 day moving average, an upward facing 50 day, and a continuous retest at 20.50 resistance.
Would like to see a volume surge through this area, with the MACD also turning up, to help support the long narrative and show encouraging signs of momentum and continuation.
In summary: A longer base being established (in this case over 1.5 years) tend to result in higher successful breakouts when they do occur. I am watching...
Would like to see a volume surge through this area, with the MACD also turning up, to help support the long narrative and show encouraging signs of momentum and continuation.
In summary: A longer base being established (in this case over 1.5 years) tend to result in higher successful breakouts when they do occur. I am watching...
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