Posted On: 12/30/2015 10:45:22 PM
Post# of 2561
IFBC Daily Chart ~ Back to Within the Bollies
As I mentioned a few days ago, when IFBC ran to outside the upper bollie, I expected a return to within the bollies. Those that sold a few along with me, saw IFBC decline from .0205 to an intraday low of .0142 on Monday. The stock began to recover from the retrace and closed at .017 today. I normally would have bought back in with a pullback of this size, but in this case I didn't re-enter as the FullSto and MACDs (circled on the chart) are in overbought levels. And as I stated in my previous two posts, I added more shares to both IORG and RGFR, with the funds coming from my partial sales of my IFBC last week.
I am expected further consolidation now, but how it trades over the near term, is unknown to me. I try to enter near technical bottoms as we did with IFBC from the .003s and up, and try to exit some or all of a position when it becomes very overbought. Use the charts for your trading tools to increase your returns.
http://investorshangout.com/images/MYImages/1...3_IFBC.png
As I mentioned a few days ago, when IFBC ran to outside the upper bollie, I expected a return to within the bollies. Those that sold a few along with me, saw IFBC decline from .0205 to an intraday low of .0142 on Monday. The stock began to recover from the retrace and closed at .017 today. I normally would have bought back in with a pullback of this size, but in this case I didn't re-enter as the FullSto and MACDs (circled on the chart) are in overbought levels. And as I stated in my previous two posts, I added more shares to both IORG and RGFR, with the funds coming from my partial sales of my IFBC last week.
I am expected further consolidation now, but how it trades over the near term, is unknown to me. I try to enter near technical bottoms as we did with IFBC from the .003s and up, and try to exit some or all of a position when it becomes very overbought. Use the charts for your trading tools to increase your returns.
http://investorshangout.com/images/MYImages/1...3_IFBC.png
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