i-FLEX SOL
This stock is nicely consolidating between 1475 to 1400 levels since mid August. Technically speaking it's making bullish rectangle pattern.Break above 1475, the next target comes at 1625 and 1717 this are all new territory for this stocks. If once cracks the 1400 mark then u cansee some top pressure will build on and it'll the test the 200dma currently at 1235, 1235 is the level of 38.2% fibo support of 1475-840.As long as it stays above the 200dma and fibo support then highertargets are valid. As of now we need to see how long it'll resistat its 52 week high.
This stock is nicely consolidating between 1475 to 1400 levels since mid August. Technically speaking it's making bullish rectangle pattern.Break above 1475, the next target comes at 1625 and 1717 this are all new territory for this stocks. If once cracks the 1400 mark then u cansee some top pressure will build on and it'll the test the 200dma currently at 1235, 1235 is the level of 38.2% fibo support of 1475-840.As long as it stays above the 200dma and fibo support then highertargets are valid. As of now we need to see how long it'll resistat its 52 week high.
posted by Naveen Pantera at 9:59 PM
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