ILU @ 17 SEP 2021Text me if you have any questions/comments for me.
-----
ILU
- Previous analysis was done on 14 Sep - Suggested half entry at 10.40 levels (to manage risk) or wait for a retracement and successful rebound
- Since then, the stock has dropped more than 9% to rest at the mid-term support
- As mentioned previously, the stock has a history of strong retracements back to the mid-term support -> Today’s price action should not be a surprise
- Technically not a structure break yet -> A close around 9.00 levels would be a structure break for me
- A successful rebound would be a price recovery above 10.20 levels accompanied with good volume
- R is borderline 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound
