NASDAQ : IXIC to bounce back Quickly to be in Parallel ChannelI'm expecting some bounce back in NASDAQ:IXIC as per my Technical Analysis.
It has moved out of Parallel Channel which it was following since start of this year. It is currently following a downward trendline. On Upside, it can touch levels of 11384 really quick, as bounce from current levels would be sharp.
Chances of fall looks bleak, but if it does then it should follow downward parallel channel and as per Fibonacci Retracement it should touch levels of 10268 not before July 29th.
Goodtime to put money in Quality Megacap stocks of NASDAQ like NASDAQ:AAPL NASDAQ:MSFT NASDAQ:INTU .
