IMP - 1D - CAUTION, TIME TO TAKE SOME PROFIT

The instrument is nearing all time high zone, although stochastics daily are oversold i would wait and buy closer to the lower green zone which matches with the 200day ma. there are also a bunch of Bearish engulfing candles, which together with the weekly stochastic still overbought points to a further fall in this instrument. Will reconsider buying closer to the 200 day ma.