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