Fortitude Group, Inc. (FRTD)

[Imperial Whazoo]

From a charting vantage point
the 200 day ema is the next level of support below the present price (Assuming that most MMs and players will use the 20 day, 50 day and 200 day, at a minimum). It is at .1567 (the 200 day EMA). The SMA is the usual case though, since most traders & MMs use the 20 day SMA (.1742), the 50 day SMA (.1254), and the 200 day SMA (.1828). Frankly, price is hovering just below the 20 day SMA and if you subscribe to the thinking that it needs to actually separate itself from a moving average, then it actually is at support on the 20 day at the present time. Thats what I think. I always throw up a 200 day EMA because, with the 200 day, I subscribe to the idea that the way the EMA is weighted vs the SMA is smoothed out in the 200 day range.

If you use a standard Bollinger (20 & 2), then it constricted on 10/4 and it fully expanded... now it is in the process of coming back to a more constricted pattern. Some people play the constriction points. I haven't studied it for this stock & I think that Ballinger is too loosy goosy to work one way all the time.... it seems to vary on a stock by stock basis in my observation. As for my Bollinger settings, I use David Elliott's thinking on this and use 11 & 1 (he actually uses 10 & .8, but AIQ, which I use for charting realtime, doesn't accomodate fractions). So, using Bollinger at 11 & 1, the lower line is either going to serve as a guide that funnels price further down or it is going to serve as a snapback, pulling the candle back to consolidation for the moment. I have no crystal ball but I expect the latter.

My own indicator is proprietary to me. I call it the diffy at the moment but if I publish it, I'll have to rename it probably. Diffy is kind of daffy, I'd say (LOL). Anyway, it is a momentum indicator that charts the difference between intraday momentum and interday momentum on the same stock. It is very strong on IHDR, showing that IHDR will probably turn and do another upleg soon. When (or even if) this will happen, it does not show. My diffy doesn't tell time... it only takes the temperature, as it were. I use my diffy only to create watch lists of candidate stocks that bear close scrutiny for the immediate future. IHDR made that list solidly today based on my proprietary diffy indicator, which I absolutely tell you is my own opinion... period. Do your own DD & decision making, man. I'm just telling you why I am strongly watching IHDR to make another charge to the upside sometime soon. It made my diffy list and it made it strongly.

So, my thinking is that there is no reason to worry at present. Watch like a hawk. Accumulate if it suits you. Not to worry, IMHO.

Thanx man

Imperial Whazoo