INQD weekly chart(s) up +3% or +$0.02 closing at $0.69 on volume 2,858,166 compared to 1,872,593 last week. With the total weekly volume 2,858,166 we traded 41.4% on an Oct 17 adjusted float of 6.9 million. With average daily volume of 571,580 we traded 8.3% on the float. We have 3 weeks of higher closing highs and lows. This post is on my chart & info link thread
Daily chart indicators: MFI has a 4 day dip above 50. Market sentiment ChiOsc, OBV and AccumDist all took the turn up on Friday. After hitting $0.90 on Monday we had mid week consolidation all the way down to $0.54 with buyers taking control back on Friday. For the first time this year we have the volume to sustain these 3 big weekly swings with highs of $0.69, $0.79, and $0.90. If you tag the highs and slope them on the 4 indicators mentioned you see $1.10 possibility for next week and yes you will see the lows too. This is low floater with high volume becoming a high maintenance equity for serious traders to sweat out. All the longs have to do pick out the lows on the low slope, no sweat there.
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