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Re: MrMojoRisin post# 1026

Thursday, 08/09/2012 6:57:21 AM

Thursday, August 09, 2012 6:57:21 AM

Post# of 1452
The 60-minute chart actually looks pretty good right now. However, this stock is still in a downtrend so, the price will need to get above the 200 candle MA on that 60-minute chart in order to have a shot at a continued rise in price. The daily chart looks much more bearish. If support breaks at the 200 day MA on the daily chart following a brief rise in price, then I still believe that the price could easily drop to $0.005 or even a little lower. I'm not a buyer here. There are far too many other higher probability trades to consider.

Hourly chart - http://stockcharts.com/h-sc/ui?s=ICPA&p=60&yr=0&mn=1&dy=0&id=p85297507778&a=255878617&listNum=6

Daily chart - http://stockcharts.com/h-sc/ui?s=ICPA&p=D&yr=0&mn=6&dy=0&id=p95921162944&a=257286122&listNum=6

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