IPAR's chart formation suggests an upward trend is beginning. stock is in the early stages of a rising trend. A close above $101.42 is a number to watch to confirm a trend reversal.Momentum as measured by the RSI is gaining in strength This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The MACD is confirming that the intermediate-term trend is bullish at this time. A close above $27.16 is a number to watch to confirm a trend reversal.Momentum, as measured by the RSI is beginning to strengthen. $DCP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.36, a Stop Loss order could be placed below this zone.
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