Integral Technologies Inc. (fka ITKG)

[MrPlum]

Hi GK

There are those that claim you only need to know support and resistance levels and those that use a multitude of indicators.

Bearing in mind that it isn't loyal LONGS who are moving the SP but traders/new investors, I have only recently started to use indicators to assist my timing for entry and exit points on the basis that traders are doing the same. The herd does influence price movements.

Stochastics (turning points) need to be used in conjunction with MACD (trends).

This site is useful and straightforward...
http://clearstation.etrade.com/cgi-bin/details?Symbol=itkg

If you look at the chart for ITKG and December when the share price was around $3.70 (when I bought my first lump) MACD was clearly trending UP (above 0) but stochastics were indicating an overbought situation. Technically, it was risky to buy at that point.

If you look at today, stochastics are getting close to being oversold but MACD is still below zero and a reversal of trend not yet confirmed.

You can also use Bollinger Bands indicate volatility and RSI (relative strength) is another popular indicator

The RSI indicator ranges in value from 0 to 100, with numbers above 70 indicating overbought conditions and under 30 indicating oversold.

I also check americanbulls for confirmation.

This is fairly basic and the more technical guys can provide more input.

Where I use support is when, if you cannot monitor the market on a daily basis... and set mental stops... then setting a stop slightly below support is one option. Bear in mind MMs can see stops and can and do 'whipsaw' the SP to take them out.

Hope this helps.