Huge reversal potential in this stock right now
Hammer right at major structure and 618. Beautiful long here for a reversal and continued upside.
Notice, the intraday neckline is the 618 of the daily.
And there's more! There is also a trend line that seems to be important.. A LOT of confluence.
Notice, the intraday neckline is the 618 of the daily.
And there's more! There is also a trend line that seems to be important.. A LOT of confluence.
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Signs of a reversal underway
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Took profit at 30.25. Interested in a re-entry long at the 50-618 retracement.
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IOVA fell into the 618 zone yesterday:
Now waiting for consolidation and a basing pattern around the blue level for confirmation. It needs about a week to form a signal.
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Got the bounce IOVA needed yesterday. Given the structure I expect consolidation within the purple levels followed by continued strength in the stock.
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Another buy signal in the coming days: