#IEX - Is on a verge of a breakout. We can see it trying to cross the trend line as well as breaking out of a small rounding bottom.
The RSI is at 39 which indicates oversold zone. This bodes well for a bullish momentum. It can cross till it first resistance at 155.
One can go for a bull call spread.
But 1 lot 150 ce at 2.45
Sell 1 lot 160 ce at 0.7
The risk to rewards ratio is 1:4.71 which is very favorable.
Disclaimer: - The above views are shared for educational purposes only.
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