IEX breakout in cup and handle pattern
key points to be noted :
> since may,23 to 15th dec,23 it had formed a cup pattern and has consoliated in 8 months
>now after 15th dec, it has formed a handle pattern till now.
>it had a very strong resistance near @160 level which is supposed to be broken in next fews sessions.
>now we may see an uptrend for sure if it closes above 165 to 170 level with relatively high volume.
>RSI shows an 60 shows a strong buy
>keep an eye for this stocks
> since may,23 to 15th dec,23 it had formed a cup pattern and has consoliated in 8 months
>now after 15th dec, it has formed a handle pattern till now.
>it had a very strong resistance near @160 level which is supposed to be broken in next fews sessions.
>now we may see an uptrend for sure if it closes above 165 to 170 level with relatively high volume.
>RSI shows an 60 shows a strong buy
>keep an eye for this stocks
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