Cup with Handle pattern in IEXA nice Cup with Handle pattern is forming in IEX.
A good 90% ROI potential in medium term as per the technical chart pattern.
Currently it is trading near it's median PE with great ROE & ROCE numbers, high margin due to monopoly with steadily growing EPS, which adds conviction for it's upside momentum.
Please refer to the drawings for details.
It has potential to go much higher in long term, will share the Elliott Wave Chart later.
Do your own due diligence before taking any action.
Peace!!
Iexanalysis
iExec RLCWhat Is iExec RLC (RLC)?
iExec is the leading provider of blockchain-based decentralized computing. Blockchain is utilized to organize a market network where people can monetize their computing power as well as applications and even datasets.
It does this by providing on-demand access to cloud computing resources. IExec can support applications in fields such as big data, healthcare, AI, rendering and fintech. IExec was founded on Oct. 16, 2016, with the goal to reinvent cloud computing through the creation of a new cloud computing paradigm.
Total Supply
86,999,785
Strongly undervalued price comparing to Total Supply. Partnered with Microsoft Azure few times ago.
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Trading Parts :
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Buy Zone : 4.7$ (Now) - 4$ (Rebuy More)
TP1 : 7.5$ (Security TP)
TP2 : 15-16$
TP3 : 24.5$
STOP : 2.8$
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Stay Safe + Follow TheKing
Happy Tr4Ding !
IEX Positional Up Side Idea.NSE:IEX is now ready to make breakout for up side. My idea is to take entry once price retest level of 140.
Then put a stop loss of 10 Points (SL 130) and hold positionally till bigger targets of 145, 152, 163 & 177. It could be very best risk and reward option.
Note: This is my personal analysis, only for learning.
Thanks.