IGO
- Previous analysis was done on 10 Sep -> suggested waiting for successful breakout of counter-trendline
- Stock has gapped up above the counter-trendline (purple dotted line) 2 days in a row but both times disappointingly retraced back
- Potentially strong psychological resistance at $10 levels
- The stock could retrace back to test the trendline (blue dash line) before attempting to breakout again
- Stock could just fly tomorrow too
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance
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Text me if you have any questions/feedback for me.
- Previous analysis was done on 10 Sep -> suggested waiting for successful breakout of counter-trendline
- Stock has gapped up above the counter-trendline (purple dotted line) 2 days in a row but both times disappointingly retraced back
- Potentially strong psychological resistance at $10 levels
- The stock could retrace back to test the trendline (blue dash line) before attempting to breakout again
- Stock could just fly tomorrow too
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance
-----
Text me if you have any questions/feedback for me.