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Wednesday, January 05, 2011 8:30:29 PM
IWEB setting up for a breakout ...
Looks like IWEB has bottomed. Notice last week the couple of doji's and on Monday there was a hammer followed by 2 full white bodies.
Volume is picking up as well. Nice uptrend this week in volume. Looks pretty similar to the breakout right before September.
I think we're seeing the same pattern here. Plus, IWEB was on my scans in the AH which could mean possible front loading. So a pump could be coming as well.
I'm looking at this play for a swing trade. 1-2 week play..maybe more. It will have to break resistance from Early December to see if it can go back to September highs.
Looks like IWEB has bottomed. Notice last week the couple of doji's and on Monday there was a hammer followed by 2 full white bodies.
Volume is picking up as well. Nice uptrend this week in volume. Looks pretty similar to the breakout right before September.
I think we're seeing the same pattern here. Plus, IWEB was on my scans in the AH which could mean possible front loading. So a pump could be coming as well.
I'm looking at this play for a swing trade. 1-2 week play..maybe more. It will have to break resistance from Early December to see if it can go back to September highs.
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