TA MASTER CLASS TIME-
I found a chart that has merit. Quite frankly it's a name I'm not familiar with which makes it even more interesting.
The company has a god awful name- IQVIA Holdings Inc.
Hey where do you work? At IQVIA.
Where?
IQVIA
What?
Looking at a 5 year chart you can see it was in 2021 that the stock made a big move.
From $186 or so. 1 year move tops at $282.
Down we go in a perfect stair step pattern (down leg, up attempt, down further leg up attempt etc.)
Oct 10 she bottoms at $173 roughly the trip from $186 is completed round trip.
That's naturally a spot when a lot of people would jump off.
Stock attempts to recover goes back down then up but importantly now is making a higher low. Roughly $184//
So now we can draw a down trend line from the $282 and see where it is broken --it hits at $210 or so.
On 4/27 we had our largest sell stick (final wash)/ the stock was $183.
Sound familiar? Back to that $186 area--> so we can begin to extrapolate that
This $186 area is the low and the next stop is $203 and then $220.
My target would be $226 //
I would say we are extremely early in the process but watch this name.
IQVIA Holdings Inc. (IQV)
NYSE - NYSE Delayed Price.
191.47+3.29(+1.75%)
At close: May 15