IFX
IFX about to break the channel after parabolic recoveryHey guys,
IFX - or Infineon manufactures all kinds high tech of components for EVs and is in some cases almost the only supplier. No wonder this stock has recovered so dramatically over the last month. I'm bullish on this stock and would buy a strong break of the former High.
No financial avice, just my personal opinion.
IFX prediction for May 2018Based on previous support and resistance zones, in combination with the fibonacci retracements I believe the market will re-enter the support box which would be the entry point to buy, after which I think the market will retrace back to a prior resistance at approximatly 22,45. I trade options myself so for people out there who agree with the prediction I would buy a call at strike price 22,00 with an expiration in may or june.