Friday, September 8, 2017

IQE goes northwards in a perpetual bullish trend

 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.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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1 comment:

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