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Tuesday, 17 July 2018

Intercontinental Exchange Group Inc (NYSE: ICE): 17 July 2018, Tuesday, 3.10pm Singapore Time

Intercontinental Exchange Group Inc (NYSE: ICE) 
17 July 2018, Tuesday, 3.10pm Singapore Time
(Click on Technical Chart above to Expand)

Attached is the Technicals for Intercontinental Exchange Group (ICE) that is listed in the US Market (NYSE: ICE). Intercontinental Exchange (ICE) is the owner of New York Stock Exchange (NYSE). As I expect the next large wave of bull market to resume soon --WITH EXPLOSIVELY HIGH VOLUMES for the next leg of bull market worldwide, I would expect ICE to spike up explosively as well. ICE is currently completing its huge Ascending Triangle of Re-accumulation soon (High Bullishness). Measuring the height of the triangle yields x = $10.00. From breakout at $75.00, immediate target upon breakout is hence $75.00 + x = $85.00 (Upside: +13.33%). ICE is expected to consolidate at $85.00 thereafter, before it will resume its LT upwave beyond $85.00.

The Donovan Norfolk Technical Rating:
Bullish

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