IDN has had a huge run up in the last two month and a Bullish Pennant flag is starting to form with support at 5.16. Below this we saw some support at 4.80. Using a Stop Loss just below this level and a target set at the next resistance level established in 2022 yields a R:R of 1:3.5.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.