I'm going to ramble, read and head at your own ris
Post# of 72440
(Total Views: 368)
Posted On: 07/25/2019 10:41:39 AM
I'm going to ramble, read and head at your own risk.
To me IPIX is getting more and more fundamentally solid.
Now for my technical view. If IPIX follows the same pattern as many others do after a golden cross (around June 2nd) where the 50 dma crosses up over the 200 dma, the entity typically dips hard at least once before a MAJOR rally. It almost made it near the end of June but not quite. We hit that low on 21 July. This is, in MY opinion, setting up for a move back over the 50 dma (currently .207). If the momentum caries it, it could get into the .30's and shorty will be squeezing their you know what tighter than you know what.
I really don't have a timeline but if it continues to build support we'll be seeing higher lows for a bit.
Fry 'em Leo & Dr. B.
To me IPIX is getting more and more fundamentally solid.
Now for my technical view. If IPIX follows the same pattern as many others do after a golden cross (around June 2nd) where the 50 dma crosses up over the 200 dma, the entity typically dips hard at least once before a MAJOR rally. It almost made it near the end of June but not quite. We hit that low on 21 July. This is, in MY opinion, setting up for a move back over the 50 dma (currently .207). If the momentum caries it, it could get into the .30's and shorty will be squeezing their you know what tighter than you know what.
I really don't have a timeline but if it continues to build support we'll be seeing higher lows for a bit.
Fry 'em Leo & Dr. B.
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