IQNT back into an area of support after yesterday's plunge.

21 בספט׳ 2016

Undervalued solid dividend payer with healthy balance sheet coming back into a support area that has been tested several times now. Yesterday's plunge on the downgrade by Raymond James presents a buying opportunity barring a rate hike surprise by the Fed this afternoon. Healthy risk:reward here as well with a stop below the support area and a target at the trend line resistance above.