Posted On: 01/10/2016 12:35:26 PM
Post# of 2561
IFBC Daily Chart ~ Holding Well After Exits Near .02
I like IFBC as a very long and solid hold as CEO Dino continues to execute. But as I stated, in my post of Dec 22, I had to stick with my trading rules as to what always happens when a stock trades appreciably outside the upper bollie. Many of my friends and I are still holding shares of IFBC, but we did peel a few off back then. The stock did sell off from the .019/.0205, as believed, and did return within the bollie bands and actually tested the MA50 on Wednesday. Swing traders like the MA20 and 50, so it should be no surprise that a few added near .014. It turned out to be a good area to either re-enter or add more to their positions. Longer term, I'm hearing .10-.20 as a twelve month potential. In the meantime, trade smart. GLTA
I like IFBC as a very long and solid hold as CEO Dino continues to execute. But as I stated, in my post of Dec 22, I had to stick with my trading rules as to what always happens when a stock trades appreciably outside the upper bollie. Many of my friends and I are still holding shares of IFBC, but we did peel a few off back then. The stock did sell off from the .019/.0205, as believed, and did return within the bollie bands and actually tested the MA50 on Wednesday. Swing traders like the MA20 and 50, so it should be no surprise that a few added near .014. It turned out to be a good area to either re-enter or add more to their positions. Longer term, I'm hearing .10-.20 as a twelve month potential. In the meantime, trade smart. GLTA
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