IQE goes northwards in a perpetual bullish trend

Share On Facebook

IQE stock (LSE:IQE) has been going upwards in a perpetual bullish movement, creating opportunities to buy long on dips.

The movement this year has been mostly bullish – with price going northwards in most cases. A few months ago, price even went above the upper Trendline, going further northwards.

Around the same time, the RSI period 14 has often stayed in the overbought region. In this kind of market, the best approach is to buy pullbacks.

IQE is expected to continue going northwards, for the rest of the year 2017.

 

Traders’ Mindset: Traders’ Mindset

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20170926 10:55:36