A nice Cup with Handle pattern is forming in IEX.
A good 90% ROI potential in medium term as per the technical chart pattern.
Currently it is trading near it's median PE with great ROE & ROCE numbers, high margin due to monopoly with steadily growing EPS, which adds conviction for it's upside momentum.
Please refer to the drawings for details.
It has potential to go much higher in long term, will share the Elliott Wave Chart later.
Do your own due diligence before taking any action.
Peace!!
A good 90% ROI potential in medium term as per the technical chart pattern.
Currently it is trading near it's median PE with great ROE & ROCE numbers, high margin due to monopoly with steadily growing EPS, which adds conviction for it's upside momentum.
Please refer to the drawings for details.
It has potential to go much higher in long term, will share the Elliott Wave Chart later.
Do your own due diligence before taking any action.
Peace!!
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