IEX, after nice bull run, seems to be taking rest. Taking support on Daily charts at 328-333 levels which is 0.786 fib level as well. Watch out if it breaks support or upper trend line.
Trade active
IEX has given wonderful breakout from upper trend line on Hourly chart.
I have gone long at 353, and will keep it for long term positional and for portfolio also. Target is unlimited for holding in portfolio. For positional trade, I will book partially at 375, and trail the rest.
Trade closed: target reached
Made high of 388.5 from 353 levels.... Hope guys minted money. Self exited fully at 379.
Note
Those still holding can keep trailing SL of 390 on DAILY CLOSING BASIS.
Remember we entered at 353, so even if TSL hits we will be in good profit.
Trade closed manually
TSL Hit and booked at 378. TSL also gave profit as we went long at 353. :)
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