The Long Investor
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$IWM
🕑 Added 2025-01-24 17:13:42 +0000 UTC$IWM has tested the 50 Day MA now 4 times at $30 and has developed an ascending triangle under this MA too....usually when this happens a breakout should come next.
The only concern is that there has not been a higher low in here since the bounce on the 200 Day MA
So if $IWM can not break above the 50 Day MA then a higher low will be needed and once achieved then I believe this can break the 50 Day MA and move up to the top blue line at $245
I do not see any other scenario here for $IWM except to move up to $245 and make a higher high in the short term.
