Itronics Inc (ITRO)

[Chrion]

Moon;

I have some PUTS that I got close to 2 weeks ago. I think a moon reversal is possible but right now I am thinking moon follow-through to the downside is more likely. That often happens when there is 3 consecutive moon-phases one way, you can get the opposite in the next wave.

Besides the previous moon pattern I see the following
1: Broke Ickimoku cloud to the downside on daily chart. Tomorrow it needs to confirm a clean break.
2: Broke top cloud line on weekly chart
3. Multiple MA crossovers look bearish, including 3/13 Cross on weekly chart and 13/200 on the daily chart (13/50 also closing in)
4: OBV, Stochastics and RSI are bearish and look like they have more room to the downside


... I will be watching tomorrow and the next day to see how the week ends.

If I think the reversal is coming I will cover my PUTS and then replace them near the new moon.