IQGROUP trade ideas
An Uptrend Pattern!The candlestick indicates an uptrend pattern due to significant price movement with volume above MA20 from the previous day and with the price closed above MA50 line. Where in the previous day there was a price correction due to short position from the traders.
MACD and OBV indicate a divergence signal hence confirming the price candlestick movement to an uptrend pattern.
Precaution in today trade where the high possibility of price correction between ~10% from the highest peak due to short position from the yesterday buyers with minimum volume. Before it continues the price momentum to the next price peak.
Let save IQGROUP in WL and watch out for price movement with volume.
R 1.220
S 1.055
IQ GROUP Breakout for another timeCrossing the yellow line, green volume, Stochastic RSI crossing up 80 and green candle fly high.
Is It a Reversal Pattern?IQGROUP showing a Reversal Pattern. If the price closed higher with candlestick crosses over MA20. This will be a position indication for a Bullish pattern. MACD chart is still in a negative pattern and the OBV chart shows a divergence pattern. When MACD and OBV charts confirm a divergence signal together with candlestick crosses over MA20. Then this will be a long trade position. Put in your WL and watch out for a significant price movement.
R 1.715
S 1.570
Breakout Resistance1. Strong volume and strong candlestick today
2. Can go higher tomorrow if break the resistance
