Thread by @malteseinvest

Analysis: #NASDAQ $IESC

Case 83 #IES_Holdings Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#IESC 1/4

Chart 1
Monthly Chart: Price is attempting to close above the #Fib 0.618 (23.36) swing low from highest high to lowest low (36.73 - 1.75). The main objective is 31.36 and above .....

IESC 2/4

..... that we get 3 clustered #resistance points within 0.60 cents. If a new monthly high is to be seen then it would be necessary to see a close above 32.97.

IESC 3/4

Chart 2
Weekly Chart: #Pivot and #trendline resistances have been decisively cleared and the #SMAs are supporting further upside, however, we are cautious of the spike higher and await a correction to enter into position.

The #Strategy is printed on the image.

$IESC 4/4