Og you are a big chart guy. Look at the daily and tell me this isnt the beginning of a downtrend? if you say it isnt you either need to head back to school, you are lying to this whole board or I am missing something here. Charts arent always 100% but IOVEs move this whole time has been more tech than anything else and now the techs are heading downward.
We have a hammer forming today at the TOP of an uptrend(AKA hanging man). Hammers signal trend reversals. If we close with a hammer and the MACD(about to cross down) where it is on the daily this SHOULD be red for some days. RSI is also heading south.
That is what I see in the chart with my UNBIASED opinion. What do you see on the daily that points in a positive direction? Please take out your emotion and wanting it to go up and make a call w/o any attachment.