Ieh is up a bit on the day, funds flowing in kept the price up 1.42% since yesterday. It looks like IEHC may be interacting with a slightly angled resistance line. This area could represent a pivot point. Let's also consider momentum! Ieh has been on a tear lately and has decent upward momentum, when assets move up like that, they have a habit of breaking through resistance points.
so unless you know something I don't, it probably wouldn't short a stock like this.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price reverses and heads back down lower, it looks like the nearest support level is $17.4657 it may head back up from there or break lower.
