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Price Forecast:

Bullish Case: IDA's implied volatility is significantly high, suggesting market expectations of substantial movement ahead, which could indicate upcoming positive news. Historical data supports potential rebounds with chance for price to surpass recent highs, encouraging bullish sentiment.

Bearish Case: Persistently high implied volatility raises concerns of severe downturns following potential negative news. Historical returns suggest risks for continued depreciation, especially with investor sentiment shifting negatively, making a bearish outlook plausible.

Potential Outcomes:

1. Moderate price rally as volatility stabilizes (30%);

2. Significant downturn due to negative earnings or market sentiment (25%);

3. Continued flat performance reflecting market indecision (20%);

4. Rebound due to institutional buying (25%).

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September 08, 2024