IDO Security, Inc. (fka IDOI)

[ElderWolf]

The thing is...charts and technical analysis cannot tell you what a stock is going to do. It only tells you what it's doing now...and has done in the past. You can make projections based on what you see and await confirmation...but a chart NEVER tells you what a stock IS GOING to do.

By the way...the pattern forming on the IDOI chart is commonly referred to as a potential bull flag pattern. It's a period of consolidation. I say potential because you have to await confirmation. A bounce up above the high of the low day on high volume serves as one form of confirmation. You can then project that the move up will match the prior move prior to the period of sideways to slightly downward consolidation.

By the way...I have no idea how effective or reliable technical analysis is on penny stocks. And yes...I'm bored and cannot sleep.