.50 upper Bollinger I was thinking should be chall
Post# of 72440
(Total Views: 307)
Posted On: 06/29/2018 11:51:20 AM
.50 upper Bollinger I was thinking should be challenged today. And I like your note, "a call to volume". I was thinking that right before I opened your post. 500K + today, and would like to see the bulk of the + after lunch and continue into close.
While resistance is tough through the .50's and .60's I see a true reversal setting in. A summer Friday afternoon I doubt we'll hold over .50 IF we get there. The 200 dma sitting at .623 looks doable next week then we flirt around for a bit unless solid buying continues.
Wearing out the resistance and sellers is the real key, and volume is what we need to get'r done.
When I said we have a LOT of running room I was picturing a move into the .80's (not today) since the RSI is just over the .50 yard line. If the momentum continues and the volume picks up more next week we could get there.
As of now;
$0.4401 0.06 (15.82%)
Bid/Ask
0.44 / 0.455
B/A Size
5,000 X 5,000
Volume
259,182
While resistance is tough through the .50's and .60's I see a true reversal setting in. A summer Friday afternoon I doubt we'll hold over .50 IF we get there. The 200 dma sitting at .623 looks doable next week then we flirt around for a bit unless solid buying continues.
Wearing out the resistance and sellers is the real key, and volume is what we need to get'r done.
When I said we have a LOT of running room I was picturing a move into the .80's (not today) since the RSI is just over the .50 yard line. If the momentum continues and the volume picks up more next week we could get there.
As of now;
$0.4401 0.06 (15.82%)
Bid/Ask
0.44 / 0.455
B/A Size
5,000 X 5,000
Volume
259,182
(3)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
Scroll down for more posts ▼