BB's Stock Haven

[ospreyeye]

INOH Chart: Dragon Fly Doji candlestick pattern formed on Tuesday........the 5 DMA has bullish crossed the 7 & 10 DMA & is set up to cross the 20 DMA.......the 7 DMA has bullish crossed the 10 Day Moving Average..........the bullish crossovers are all early bullish reversal signals..........

Another interesting Indicator is the underrated Volume Indicator........I'm noticing a declining volume pattern off the volume spike on the 14th........INOH is setting up for the next volume spike......checkout the action following the volume spike on the 4th.......declining, declining, declining volume followed by an increase in volume on the 12th when an Inverted Hammer formed signaling the reversal..........volume increased after the 12th and a new pattern of increasing volume was created........the volume peaked on the 14th along w/ the share price & on the 15th volume decreased & the pattern changed back to declining volume.........notice how the volume has stair stepped down along w/ the share price.........the old saying goes, "Follow the Money"..........and the Volume Indicator along w/ others helps in doing just that, follow the money..........

Keep an EYE on the Volume Indicator this week.........if you see a bullish spike in Volume it should be Showtime!..............$$$