Ideal Power Inc (IPWR)

[Rasekh91]

$IPWR This is a very simple overview of what is the next move for IPWR.

REVERSE SPLIT -> As you can see, IPWR had a reverse split on 20 AUG 2019. A reverse split is mostly an accounting trick that company isn't any more valuable than it was before the reverse split. Typically, reverse splits are done from a position of weakness which significantly reduces the share price and threatens the company's viability as an exchange traded stock.

RESISTANCE -> IPWR has shown a very strong roof which prevents the price from going up. Resistance in technical analysis is a price level that a rising stock can’t seem to overcome.

DOWN TREND -> It also has started a very strong downtrend, the same pattern on Sep-Aug 2019.

RSI OVERBOUGHT -> the implication is that buying has pushed the price too far up and a reaction, called a price pullback, is expected.

By keeping all these facts in mind, it is your time to make a logical (NOT emotional) decision.

Wish you all the best in trading