IFLB - Infinium Labs
Trend Reversal beginning. Bullish Star Doji Formed. (See Chart.) RSI around 34 again, like last time indicating fairly oversold condition. MACD lines crossing.
Nearing established support level, around .0465 forming a double bottom.
Volume Ten Day (1.5 Million)
Volume last Friday ( 3.5 Million) 133% Increase
Shares (Alphatrade Fundamentals Report)
Outstanding: 156,902,567 Float: 122,514,365
Kevin Baccus took over as CEO and is shaking things up. I firmly believe that he is determined to bring the Phantom to market. Read the recent news and do your DD. I can't find any dilution going on, just some insider selling by the former CEO so :
Looking for a good bounce here. I picked up another 20k shares now sitting at 40k. avg'd to .0497. Last time it hit .101 on 20 million volume.
Watch for early morning volume increase to find a good entry I reccomend anything .05 to .055 with 2+ million in volume for the first hour. If it bounces good, watch for falling volume on the intraday chart late in the afternoon or early the next day to jump ship. Hoping for at least 50% , expecting more than 100% because of the previous bounce, hopefully more players this time around.
