Tuesday, February 11, 2014 8:01:32 AM
fam401,
That's the question, yup. Is it for real?
It had 5M in volume yesterday and for what I can tell, no news yesterday except for the Seeking Alpha article last Friday (unless I missed something).
Volume has been no doubt been VERY large this past month comparatively. From looking at past spikes, you can see that each time, the move only lasted a day or three, then it came down, down, down.
But none of those had anywhere near this type of volume. So, where does it go from here?
I believe they have their earnings date in March (i have to double check that).
All this leads to, is it for real this time, or just another Pop and deflate?
And for that. I dunno. I just picked it up on one of my scans and have been watching it a week and liked that it had no debt and other things going for it.
My entries are normally great for stocks that are just about to make a move. Once they take off, its hard for me to know, when the top is the top, or if its finally for real.
So, unfortunately, its more of a wait and see for me and hard to give price levels as I use the RSI mostly.
To enter it, I'd be watching it's 15 Min chart. I use the Dailies for the overall trend and then the 15 Min chart to determine when to enter (or exit) a trade.
IMO IDN can make another move up $.10 to $.78, or go further up to $.85, $1. But she's gonna need that volume!
Volume before price. So this may be just a teaser for what's to come. I'll be watching, charting and waiting. Long assed answer for "i dunno." (too many variables).
Actually, the 15 Min chart looks good to me at the moment, assuming it has volume still coming. So, watch that. As long as the 15 Min chart (below) holds the lower RSI, then IMO, she could move up again today.
That's the question, yup. Is it for real?
It had 5M in volume yesterday and for what I can tell, no news yesterday except for the Seeking Alpha article last Friday (unless I missed something).
Volume has been no doubt been VERY large this past month comparatively. From looking at past spikes, you can see that each time, the move only lasted a day or three, then it came down, down, down.
But none of those had anywhere near this type of volume. So, where does it go from here?
I believe they have their earnings date in March (i have to double check that).
All this leads to, is it for real this time, or just another Pop and deflate?
And for that. I dunno. I just picked it up on one of my scans and have been watching it a week and liked that it had no debt and other things going for it.
My entries are normally great for stocks that are just about to make a move. Once they take off, its hard for me to know, when the top is the top, or if its finally for real.
So, unfortunately, its more of a wait and see for me and hard to give price levels as I use the RSI mostly.
To enter it, I'd be watching it's 15 Min chart. I use the Dailies for the overall trend and then the 15 Min chart to determine when to enter (or exit) a trade.
IMO IDN can make another move up $.10 to $.78, or go further up to $.85, $1. But she's gonna need that volume!
Volume before price. So this may be just a teaser for what's to come. I'll be watching, charting and waiting. Long assed answer for "i dunno." (too many variables).
Actually, the 15 Min chart looks good to me at the moment, assuming it has volume still coming. So, watch that. As long as the 15 Min chart (below) holds the lower RSI, then IMO, she could move up again today.
These thoughts are just mine, not right, not wrong, just thoughts. Invest in what you believe in, not what I believe in. Do your research, and invest in the facts.
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