IBHD - TA1. Price candle break out MA 200 on 17 Aug '23 give strong signal the price movement may change direction to bullish soon.
2. Price candle testing MA 200 on 13 Sept '23 and 18 Sept '23 to shake out weak retailers. Price candles maintain closed above MA 200.
3. GC (Golden Cross) MA 50 & MA 20 happen on 30 June '23 give another strong signal the price is build up the uptrend momentum and ready for bullish.
4. Price candle and MA 200+MA 50+MA 20 has aligned altogether give sign the price is ready for bullish.
5. Price candle has BO strong resistance (0.27) for the last 1o years. Price candle has reach immediate resistance and PB may take place to setup new support area close to MA 20/MA 50 line. Identified the Last Red Candle in this PB and wait for next candle the BO and closed above the Last Red Candle.
6. Two propose EP stated in this TA. 1st EP already happen. Right now Price candle has reach immediate resistance and PB may take place to setup a new support area close to MA 20/MA 50 line. Identified the Last Red Candle in this PB and wait for next candle the BO and closed above the Last Red Candle.
7. EW count analysis includes in this TA, main wave 3 is still far away to reach. Ample chances for EP available.
IBHD trade ideas
IBHD is optimistClosed higher this week above resistance at 0.255, IBHD is assessed as technically bullish for short term towards next Fibonacci target level 2.618 at 0.36. The share has support point at 0.21. Price movement below this level could push the price lower to 0.15.
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I-BHDThis is like a textbook case, the market pretty much moves in a very uniform manner.
With this support(blue line) and resistance(red line) lines it is almost certain that when market break and close above 1, it will move to the next.
Pretty much a heaven for traders, but you have to calculate and consider if the commission you need to pay, worth the effort.
<TradeVSA> Pullback with Spring in IBHDStrength in the chart:
1. 4 Strength signals in the background
2. Change in trend
3. Low volume support with Spring
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
{SWC}---I-BHD engine start now?Thanks for following us!
Strategy: Inverted Head and Shoulder spotted
Bias: Bullish . Significant volume kicked in today and breakout the box consolidation zone at the price of 0.250, which is also the previous high since Novemeber 2019. This is the 2nd long green bar after the price hit its bottom at 0.210. If the momentum continue, the price shall break its immediate resistance 0.265 and challenge next resistance at 0.285 soon.
If we see from the chart pattern, a small inverted head and shoulder pattern was spotted. Hence, the price shall be in positive movement in the near term if momentum sustained.
R: 0.265, 0.285
S: 0.250, 0.255
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<TradeVSA> Confirmation Reversal Coming in IBHD Strength in the chart:
1. High volume down bar
2. Accumulation
3. Line Change high volume
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
