Wednesday, March 28, 2018 1:34:00 PM
INMG daily chart
because stocks trade inside of defined channels -- we see this on the chart by looking at the top and bottom bollies -- it is a general rule of thumb that when a stock breaks down sans news, in a sudden drop under the bottom bollie, it represents a good buying opportunity. the reasons for this are twofold. one is that its simply due for a bounce; this is the very short term flip play. the other is that the recent trading range is a more honest reflection of the markets sentiment, and, as such, the price will correct to once more play inside ghe bollies.
as of this posting, bottom to top, the projected channel for INMG runs from .0069 to .0103. though this seems to be a very wide range, the reason for the exaggerated width is that this has recently played at both ends.
which brings me to todays dump. it looks like a flush out. someone exited. so far there's only been a little less than 2M shares traded below .007, and that's not even 2% of the current float. iow, its a small offset that offers little in the way of impact except for those who waste their time in worry while watching the minute-by-minute price fluctuations within their accounts. i can't speak for anyone else, but to me a hold is generally measured in days unto weeks unto months unto. unless, of course, you're minute trading.
btw... i added on today.
because stocks trade inside of defined channels -- we see this on the chart by looking at the top and bottom bollies -- it is a general rule of thumb that when a stock breaks down sans news, in a sudden drop under the bottom bollie, it represents a good buying opportunity. the reasons for this are twofold. one is that its simply due for a bounce; this is the very short term flip play. the other is that the recent trading range is a more honest reflection of the markets sentiment, and, as such, the price will correct to once more play inside ghe bollies.
as of this posting, bottom to top, the projected channel for INMG runs from .0069 to .0103. though this seems to be a very wide range, the reason for the exaggerated width is that this has recently played at both ends.
which brings me to todays dump. it looks like a flush out. someone exited. so far there's only been a little less than 2M shares traded below .007, and that's not even 2% of the current float. iow, its a small offset that offers little in the way of impact except for those who waste their time in worry while watching the minute-by-minute price fluctuations within their accounts. i can't speak for anyone else, but to me a hold is generally measured in days unto weeks unto months unto. unless, of course, you're minute trading.
btw... i added on today.
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