IOT April 22, 2024: A Possible Bottom

23 апр. 2024 г.

On April 22, 2024, IOT showed its first reaction at its MA-150/200 and closed the session at the high.

During the last 5 sessions, from April 16, IOT formed a small possible bottom pattern when it did not make the new low while the general market SPX NDX did so.

Therefore I think we can try an early entry here with the stop 1%-2% below the low of this session, which are also below the MA-200.

24 апр. 2024 г.

Сделка закрыта: достигнута тейк-профит цена

We closed the trade at the end of the April 23 session as it reached our target around MA-20

29 апр. 2024 г.

Заметка

The stock did pull back a little to MA-21 after I sold it. Then, on April 26, it broke through MA-50.

With 5 up sessions from the bottom, it is hard to open a new position here. Let’s look for any pullback in this stock this week.