Once I read Toole's bio on LinkedIn I thought the odds were in favor of IWEB 1) Increasing sales by several multiples and 2) IWEB had legitimate products that could penetrate their targeted market segments...otherwise Toole would not have joined the team (all JMO of course).
A 6M Daily chart shows the MACD is ready to go green (pattern analysis).
The FSTO is entering an overbought area, but the STO becomes a non issue as speculators enter the issue and drive the price higher. Combined with other indicators, IWEB appears to be steadily headed up. When and if a major sales contract is announced we will simply be at a higher launch point (hence my entry on Fri...it's time).
The CMF shows nothing but green during this consolidation period (more money coming in than going out).
Volume cylinders on the last three trading days are all green and trending up.
The ADX/DMI is interesting in that I think it shows minor flipping from lower levels is just about exhausted and the selling pressure has started up off of a double bottom while the selling pressure continues to trend down. One or two more days like Fri and we will get a confirmed buy signal (JMO).
All moving averages continue to trend up.
IWEB products (because of Toole) are getting a much broader audience. As I'm not very informed about this sector, I'm not sure what the most recent blog activity really means. It sure looks great! Who can argue with a guy that says IWEB is their industry's turnaround stock of the year!! That, however, is a cliche that is widely used. But, I alays go back to the point that Toole will rinse and repeat his prior successes with IWEB. It sure looks like he has gained traction.
The story is getting better. Sales seem to be ramping. Verification of IWEB products was clearin the DCIG 2012, and their getting good writeups. Another link to an IT blog site clearly shows also that many IT professionals have never heard of IWEB. Imagine what happens when they do, and they like what they see!!
I wish everyone the best...good trading to all. IWEB looking really good here.
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