If you looked at out previous post on ICX, we confirmed it was still in our marked in our red lines on the chart.
We're waiting to see if it can break out of the red lines to begin a reversal. Take a look at the and note as always we need momentum and to confirm this. A small upward break in the won't be enough to confirm without .
Targets to watch:
1. A break out of the marked in RED.
2. A break in the $2.97 Fib levels
3. A break in $3.47
4. A break in $3.88
Grab some popcorn and hit us with a Thumbs Up button if you like our analysis. We'll be keeping a close watch.
As we can see on our chart ICX has broken out of our downtrend channel with a confirmed rise in volume. It also broke through the fib retracement levels at $2.97 mark and it's also above the 50day sma.
If stays on this run, next target to watch is $3.48