RDG...It doesn't add up
I just put it down to creative bashing right now, and I think it probably worked to some degree. Nervous holders hearing a rumor of a RS...some imo would likely bail, providing supply for those who are bullish and buying.
Remember, we're dealing with a company that has not put out a PR in nearly 6 months. And their IR is basically non existent. Despite those facts IDVL is very actively traded, with volumes hitting 100 million + several times over the past 6 months. When a company is among the top 10 most actively traded stocks on the OTC repeatedly...they attract attention whether they're trying to or not.
We're back above the 50 and 20 dmas, and the 200 dma, (it's not on this chart but you can draw your own) is headed on a Bee Line for the 50, or a golden cross. OBV shows accumulation from May forward in spite of no news, and stokes are nice and bullish with the fast crossing over the slow down in oversold territory (20). I have to temper my enthusiasm though, this is still an OTC stock and charts aren't as reliable as I'd like.
I just put it down to creative bashing right now, and I think it probably worked to some degree. Nervous holders hearing a rumor of a RS...some imo would likely bail, providing supply for those who are bullish and buying.
Remember, we're dealing with a company that has not put out a PR in nearly 6 months. And their IR is basically non existent. Despite those facts IDVL is very actively traded, with volumes hitting 100 million + several times over the past 6 months. When a company is among the top 10 most actively traded stocks on the OTC repeatedly...they attract attention whether they're trying to or not.
We're back above the 50 and 20 dmas, and the 200 dma, (it's not on this chart but you can draw your own) is headed on a Bee Line for the 50, or a golden cross. OBV shows accumulation from May forward in spite of no news, and stokes are nice and bullish with the fast crossing over the slow down in oversold territory (20). I have to temper my enthusiasm though, this is still an OTC stock and charts aren't as reliable as I'd like.
If you want to taste the fruit, you have to go out on a limb. But if you wait for the herd to move out on the limb....the branch tends to snap.
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