IQVIA has recently broken its long-term downtrend, showing renewed momentum.
The company's solid growth prospects and attractive valuation multiples support further upside.
With this momentum shift, I expect a move toward the $225 level.
However, before entering a position, I want to see green Heikin Ashi candles clearly close above the 50% Fibonacci retracement of the last downtrend.
Otherwise, IQVIA may attempt a 50%-61.8% correction from the wave 1 peak at $206.
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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.