Itronics Inc (ITRO)

[Chrion]

The healing stock

The other thing to remember, is that ITRO was in a severe multi-month down-trend.

The recent price activity has definitely shown bottoming and that a new uptrend has begun. We are now consolidating near the beginning of the new uptrend.

What does this mean?

It took us many months to get where we are. For the stock to truly heal we have to look at the weekly chart.

We have already gotten a golden cross on the daily chart. However on the weekly chart, the 200 MA is rapidly coming down. This is a good thing. Price is staying relatively strong, and the 200 MA is now just below .08. Just 6 months ago it was over 2 cents. We want the 200 MA to get close enough to the current price that we have a good shot of breaking it.

In the mean time, while we wait for the next major breakout, this is a good time for some consistent accumulation.