iGen Networks Corp (IGEN)

[soulsalve]

Good question. I’ll start by saying that the chart is very bullish: each day of this past week we have broken our (daily) resistance. Just look at the 1 minute candlestick chart and the buys that came in EOD yesterday.

We have the buying power and volume, but then the Market Makers continue to keep us in a very unusual trading channel, almost intentionally to shake shares and trigger sell Limit orders on unaware investors.

Through this downward pressure we have met, leaned on, and then broken through a series of support lines — many of which were created on the most recent breakout a week ago.

We are now sitting on, as someone here mentioned before, that 50 day moving average, but more promising to me is that we have almost come together on a very reliable support line that has been set now for weeks.

The support line that we will land on, on Monday, is one that we bounce off of each time before our next breakout — check it out, as it goes back at least 2-3 weeks now, which is about how long this stock has been really increasing in share price.

In short: (intraday) daily, weekly, and monthly charts are still bullish, and some really basic support lines are now being tap’d, all-the-while our MACD, MFI, and RSI indicators are slowly flashing “buy” once again.

Couple this with a potentially early release of possibly a very good 10q. We could see fireworks as early as Monday.

$IGEN