ICX Multiple scenariosICX has to make a move very soon
Now, what do we see?
Big picture shows we are at the end of the triangle, so a big move is just a matter of time.
Bearish signs:
* Ascending wedge (66 days)
Low volume
Overhead MA resistance (MA 20-100)
MACD trend is down
Neutral signs:
RSI straight at the 50 level
Bullish signs:
* Bullish pennant (114 days)
Above and supported by MA50 and MA200 support
MACD and momentum possible trendchange
Advice: no trading zone at the moment.
- Set your SL tight at the bottom of the triangle or under the MA50
- Set your alarm at the top of the triangle and get in poistion when it breaks above