IOC Daily Chart ~ Responding to the Pinch Opening
Post# of 2559
Posted On: 01/12/2014 6:07:08 PM
IOC Daily Chart ~ Responding to the Pinch Opening
I shared IOC with a few last week after it appeared on my Pincher Scan (PPO/ADX squeeze). The pinch began to open up on Thursday morning. A few hints that the bottom was in place was the FullSto and MACDs beginning to crossover just before the actual move. I didn't buy any, but four friends decided to buy a few calls. From 46.00s to 51.61 so far. Man, my hindsight, which I have perfected 100%, tells me I should have entered with my friends, lol. Anyway, the stock closed above the MA20, and the indicators have a lot of room to run, so I would expect some more upside. The initial target would be the 61.00 level which is the lower channel line of the first gap. There are two huge gaps to fill on the chart. A successful closing of both gaps would take IOC into the high 80.00s. GLTA
I shared IOC with a few last week after it appeared on my Pincher Scan (PPO/ADX squeeze). The pinch began to open up on Thursday morning. A few hints that the bottom was in place was the FullSto and MACDs beginning to crossover just before the actual move. I didn't buy any, but four friends decided to buy a few calls. From 46.00s to 51.61 so far. Man, my hindsight, which I have perfected 100%, tells me I should have entered with my friends, lol. Anyway, the stock closed above the MA20, and the indicators have a lot of room to run, so I would expect some more upside. The initial target would be the 61.00 level which is the lower channel line of the first gap. There are two huge gaps to fill on the chart. A successful closing of both gaps would take IOC into the high 80.00s. GLTA
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