OnlyFibs
Sep 19, 10:50 PM
$IP | International Paper Co. (Packaging Solutions & Sustainable Fiber Products 📦🌲)
$IP is setting up a macro head-and-shoulders inverse / triple-bottoming structure on the daily timeframe, consolidating near
$35.00–
$35.55. Price action is holding above key demand at
$32.75–
$34.00, attempting to reclaim the
$36.70 high-volume node. A sustained breakout above the
$41.00 descending trendline opens the path toward macro volume resistance near
$47.00 and
$52.00. Key Levels for Bulls & Bears:
• Bull Reclaim Trigger:
$36.70 /
$41.00
• Overhead Targets:
$47.00 /
$52.00 /
$61.00
• Critical Pivot Support:
$34.00
• Downside Risk Levels:
$32.75 /
$29.25 Signal Profile:
• Massive multi-month baseline accumulation curves forming on the chart suggest institutional support along the
$29.25–
$32.75 floor.
• Consolidation directly under the
$36.70 point-of-control volume shelf indicates potential energy expansion toward upper trendline targets. #swingtrading #hovdid
0 replies
