Ticker : IBN
Based on the 1 year IBN stock chart above, it looks like the price tested its major support, SMA 200 in November. The dip was followed by a nice run up. At the moment, the proce is testing SMA 200 again and it looks like it is holding. If this trend happens again, I can see a potential upside with nice return in the next two weeks.
I’ll open a position using my trading guide below to only have about half of max position to see if it works. Gains could be nice if it works and loss minimal as the Sell Point is the SMA200.