Itronics Inc (ITRO)

[Chrion]

Technicals

On the daily chart, CCI and RSI look much better; MACD of course has crossed over. Ikimoku is looking good also as the Chiku Span is getting close to a price cross. This would give ITRO even more momentum. Lets hope it keeps going!

Weekly Ikimoku Chart and ADX bull trend is still in tact.

Best of all we have a retrace of Fib retrace of .618, which suggests that .0019 will be a nice new low.

We can calculate the previous run from .0009 to .0040 and we get .0031. Multiply by .618 and we get our low of .0019.

(.0040 - .0009 = .0031
.0031 x .618 = .0019158

I believe that would put our next price target at .0083, after that a pullback to .0064 before a run over a cent.