Possible breakout on the upside

We have seen IQQH one of the biggest european etf by fund size (5161 m Euro) trend sideways since June this year.

Finally we see the stock price break above the resistance level at 11.5 euro. We shall see how this plays out, i'll be eying to see how this stock trends in the next weeks as the earnings season plays out.

We can wait and see if the 11.5 euro price becomes a new support of if this breakout becomes a excess and the ETF comes back to trading sideways.
Support and Resistance

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