On a new issue type of stock like this,
the RSI is not going to be that huge of an indicator.
if anything,
the interval close prices will tell you more of a story
if you look at the 4 day, 5 minute chart
you will see that since the big move, we have dipped down to .0165, then it went to .0166/.0167 and then dipped to .0172/.0173
(higher lows perfectly during the consolidation)
I would say that area is major support
there has been enough churning where I feel most people's averages now are higher, obviously people have locked in some profit, I locked in some profit, but I still own the same amount of shares that I always have from the beginning, give or take a few shares because I bought back in to push through some ASK wall barriers so we can move to another level - i know many other LONGS in here have done the same thing . . .
todays news was amazing,
and yes, we ran a little on the news (versus many stocks that sell on the news)
but this news has not really sunk in yet, this is a penny stock, and most pennys are diluting, these guys are actually reducing shares - that is amazing!!!
many of us on this board, knew that was coming, but when you look at the land of penny stocks, 2billion autho is nothing.
also, on these lower volume days, we manage to be green by a tic or two, or a bit red a tic or two,
well, that is the healthiest thing a stock can do
really, you cant ask for much more than what we have seen thus far, you just cant
the big thing that everyone on this board needs to do is TELL THE STORY
tell more people about the stock
dont rest on your laurels
tell your friends, family, work associates, tell everyone you know about this amazing opportunity
if you know someone that does not have a stock account, help them out
show them how to trade, you will be helping a friend invest for his future,
doesnt have to be tons of money, $500 here, $600 there
as shareholders, it is time to work, not just sit in front of your computer and try to get rich quick
put in the effort of talking with other people about INCC and you will see that this story will continue to be great!
