Text me if you have any questions/comments for me.
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IGO
- Previous analysis was done on 15 Sep -> suggested waiting for successful breakout of $10 psychological resistance
- Since then, there was a false breakout and the stock quickly fell below the mid-term support with above average volume
- Four of my other indicators are also borderline bearish
- A Higher High and Lower Low was formed in the past week -> usually a sign of sideways consolidation
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance
-----
IGO
- Previous analysis was done on 15 Sep -> suggested waiting for successful breakout of $10 psychological resistance
- Since then, there was a false breakout and the stock quickly fell below the mid-term support with above average volume
- Four of my other indicators are also borderline bearish
- A Higher High and Lower Low was formed in the past week -> usually a sign of sideways consolidation
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful breakout of $10 psychological resistance