In my option the bull run for IBN has been going on from $8.12 on 3/21 to high of $8.64 of late, now it is time for a retracement or reversal to the bear side. Also, per RSI indicator (RED) line has been broken by PA, by still at around 54 or positive or bullish territory. If you decide from your strategy to invest in this stock & buy shares is tomorrow a short day or a long continuation day to bull-side??
Now, PA is below blue 9 MA & dropped from a high $8.64 to now $8.63. Once PA is below the VWAP indicator it will be confirmation of bears being in control of this stock. Should you short this stock? or buy this stock? As always need to look at S/R areas on higher TF's and set up trades based on that.
Now, PA is below blue 9 MA & dropped from a high $8.64 to now $8.63. Once PA is below the VWAP indicator it will be confirmation of bears being in control of this stock. Should you short this stock? or buy this stock? As always need to look at S/R areas on higher TF's and set up trades based on that.