no,mike, sorry for being too cryptic...
the chart was meant to just show the pullback zone I'm looking for ,around 80 cents, the technical targets in this picture, going one step at a time, are looking at the 200ma overhead, and the 93-1.10 area as a resistance first wave finish, that could pullback to 80 area, I'm hoping for a fast dip soon, before it hits the 200ma. but just needs to be watched here.
The larger chart picture, looks like a lot of resistance targets overhead around 1.20-1.35-1.50 area.... I understand folks are excited about the developments. Maybe I'm not too late to get back in. I'm not looking technically at anything above the immediate chart picture, that shows a nice rally from the 63 bottom,pops to test 95 area,and 1.08 area, then collapses back down again to retest the bottom, ("take 2")starts again at 68 and we see this serious surge this week, again to retest the 90-1.10 area, and any pullback here,is a chance to get in...we already see the 80 cent target get hit today...I wasn't here for that either.
The bottoming formation over 2017,if it has finished at 65 bottom zone... has steps to climb now, into resistance,starting around .95-1.10 area. What are the forces of selling strength in IPIX, that has made it plunge down so badly each time....and will that be stopping any time soon?
We have target for a double, from the 65 bottom to 1.30 area as a traders play. in this resistance area,1.35 area.... there are Fibonacci math targets also at 1.50 area and 1.80 area to be aware of.
First things first is how I would look at a technical chart. , before I can dream about 30 dollar share price, what the current price action has been doing, a lot of volatile zig zags, over weeks, from 1 dollar to 65 cents. The greater picture has a wall of shoulder resistance around 2.50. Last year, I was hoping to see CTIX climb back to 2 dollars so I could sell it there,but it failed at 1.49 and then bottomed at .63
I got out at 1.25 before the crash bang. and I stopped watching CTIX. That could be a mistake. but one I can correct now if I'm on the ball.
The "10" you were looking at is not 10 dollars, its the portion of the RSI indicator, not a chart price.
What I see in this chart pattern now, is a set up for big rally that could keep surging here, as a "wave 3" to target the 1.20-1.35-1.50 area,once it finishes with the resistance around the 200ma (1.10 area)...I might have one chance to buy shares in the 80's,or else I'll have to chase it. which I don't want to do.
Would the selling attacks be stopping now? I only want one chance to get in.
AI
