SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?


To: David Meyer who wrote (2524)1/1/1999 3:46:00 PM
From: Dr. Stoxx  Respond to of 39683
 
David,

Nice call on IFMX. It really popped out of its range around 8. Look out for a pullback as it nears 10. But the trend looks strong, and MACD has recovered to post positive numbers. I think you are safe for a longer hold, and will be especially happy if it breaks out of its longer term cup formation (but beward of a "handle"). If it starts to bounce off 10, you could exit, and look to re-enter around 8.

Good luck, TC.