Accumulating IGM ETF on Technical Grounds

about 2 months ago

"I've been adding to IGM here at 117 in September. We're at 133. If you look at a long-term chart of this, again, this is where technical and fundamental comes into play because if you just put a trend line, let's just go and put a trend line here in October of 2022. And and you just need to cross at least three. The more lines you cross, the more justification you have. This one hasn't come back to the trend line. It's bumping right up there. Maybe it's an opportunity again."

The speaker discusses his strategy of accumulating the IGM ETF, noting that his purchase price was around 117 and it is now at 133. He explains that multiple trend line tests since October 2022 support the ETF's strength, suggesting there may be further upside opportunity.

Related Stocks