Hi gjd...Here's a chart for IIP:
To be honest...Boring is the only word I can think of to accuratly describe this stocks movement...It formed a beautiful double-bottom that met resistance at .52 the second time, and could not bust up through it because the Stochastics were topped out, meaning it was totally overbought...I wouldn't play this stock, as it doesn't have enough movement for my style of trading...If you like to play channeling stocks, this is a good candidate...
To be honest...Boring is the only word I can think of to accuratly describe this stocks movement...It formed a beautiful double-bottom that met resistance at .52 the second time, and could not bust up through it because the Stochastics were topped out, meaning it was totally overbought...I wouldn't play this stock, as it doesn't have enough movement for my style of trading...If you like to play channeling stocks, this is a good candidate...
PowerPole >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
