IQV - CURRENT PRICE : 184.08
From May to July, IQVIA (IQV) staged a strong upward rally, supported by rising volume. Following this advance, the stock underwent a healthy retracement, consolidating recent gains without breaking its long-term uptrend. Take note that the up trendline is still intact.
Currently, price action shows signs of support around the Fibonacci 38.2% retracement level, coinciding with both the Ichimoku Cloud and the 50-day EMA. This confluence suggests the retracement phase may be complete, presenting a good opportunity to apply a Buy on Dips strategy as the stock prepares for its next upward leg.
ENTRY PRICE : 183.50 - 184.50
TARGET : 205.00 and 215.00
SUPPORT : 166.00
From May to July, IQVIA (IQV) staged a strong upward rally, supported by rising volume. Following this advance, the stock underwent a healthy retracement, consolidating recent gains without breaking its long-term uptrend. Take note that the up trendline is still intact.
Currently, price action shows signs of support around the Fibonacci 38.2% retracement level, coinciding with both the Ichimoku Cloud and the 50-day EMA. This confluence suggests the retracement phase may be complete, presenting a good opportunity to apply a Buy on Dips strategy as the stock prepares for its next upward leg.
ENTRY PRICE : 183.50 - 184.50
TARGET : 205.00 and 215.00
SUPPORT : 166.00
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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.
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.