IOC Daily Chart ~ Pincher Setup I came across
Post# of 2559
Posted On: 01/07/2014 10:09:28 PM
IOC Daily Chart ~ Pincher Setup
I came across IOC this evening while scanning for some possible pincher plays. Approx 2 weeks ago, I shared RIBT (link back) at 4.80 as a pincher. Since then, RIBT has responded and rallied to 5.79. With IOC, I have it on watch as I don't know if the bottom is in yet, and I haven't entered yet. I always wait until the pinch begins to 'open'. The the moment the PPO and ADX are still pinching. Should the pinch begin to 'open', then I'll begin looking for the resistance points on the upside. There is also a large gap on the chart which would make for some profits if the stock moves into an area above 66.00. GLTA
I came across IOC this evening while scanning for some possible pincher plays. Approx 2 weeks ago, I shared RIBT (link back) at 4.80 as a pincher. Since then, RIBT has responded and rallied to 5.79. With IOC, I have it on watch as I don't know if the bottom is in yet, and I haven't entered yet. I always wait until the pinch begins to 'open'. The the moment the PPO and ADX are still pinching. Should the pinch begin to 'open', then I'll begin looking for the resistance points on the upside. There is also a large gap on the chart which would make for some profits if the stock moves into an area above 66.00. GLTA
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