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IWM may pause after entering uptrend channel, Jonah Lupton notes

IWM may pause after entering uptrend channel, Jonah Lupton notes
IWM enters uptrend channel, may pause

Jonah Lupton, investor and market commentator at Social Media / FinTwit, observes that the IWM chart has now moved inside the uptrend channel formed from October and January highs.

Lupton suggests IWM could experience a pause at current levels, potentially leading to a minor pullback and some consolidation.

Lupton has previously tracked potential deals in the tech sector, noting that RDDT was rumored to consider an exclusive $1 billion data licensing agreement. He also commented on earnings momentum, stating that TMDX's flight activity in June could support $200 million in Q2 revenue. His recent observations continue to highlight specific developments across different market segments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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