Last move up to the top of a major channel.
Plotting price action you can see a rising wedge forming which is a bearish pattern which makes sense to be bearishly rejected at the top of the up channel
Daily chart.
Company: Interpublic Group of Companies Inc.
Ticker: IPG
Exchange: NYSE
Sector: Communication Services
Introduction:
In today's technical analysis, we focus on Interpublic Group of Companies Inc. (IPG), a prominent player in the Communication Services sector, listed on the NYSE. The weekly chart is currently illustrating an interesting Inverted Head and...
IPG has broken out of a similar rounded pattern that was seen earlier in the price evolutions history (~1970's)
Post break out price led a strong bull run
If this repeats we are in for a nice bull run in the next years for IPG, indicated by the rocket emoji
The PEAD projected a Bullish outlook for $IPG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Marketing company. No comment follow the chart
CHART LEGEND:
white dashed lines = bull/bear takeovers
blue lines = call targets
yellow lines = put targets
red line = danger zone
orange lines = trend lines
green lines = safe zone
any other lines add will be discussed with the ticker
NYSE:IPG
Quick mid-week analysis for $IPG. We can add this stock into our swing trading portfolio.
Fundamental Analysis:
IPG announced earnings per share of $0.86 on revenue of $2.28B. Analysts polled by Investing.com anticipated EPS of $0.8031 on revenue of $2.28B.
As the revenue was in line the price of shares dropped by 10% on earnings day.
However; recently IPG ...
Bullish Shark with a small amount of bullish divergence. I am waiting on price to react to the reversal zone, create a little more bullish divergence, and then I will go long.
Here is what I believe is happening.
IPG is in a cup and handle pattern, under going the handle at the moment.
1. its currently short term over sold
2. handle formation has retraced 30% of the cup (so far)
3. price appears to take support on previous upper trend resistance (valid if price does not break through and close below).
4. above average volume
5....
IPG, Set buy limit order with other cancels other for target/stop. If you noticed I drew my red line where the green bar was at and within the time it took to create this idea it already dropped into my blue buy order. I will leave it as such since it looks like there is strong demand for shorts. still learning.
Buy Order: 24.25
Target: 22.50+
Stop: 25.25
Time...
