IOT 0.00% 0.1¢ iot group limited

IOT Charting, page-497

  1. 2,152 Posts.
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    Hey mate,

    Sorry was busy this morning so couldn't analyse a chart for you earlier.

    IOT about to go psycho but yet to confirm which direction until we get a signal.
    Coiling and looking very tight now. The boilinger squeeze are signalling that volatility is imminent

    Giving the upside the benefit of the doubt for now.
    MACD continues to converge, edging closer for the cross
    RSI starting to display a bullish divergence
    Pole and higher lows producing a pennant formation also in play for now

    Monday coming up looking like a very important day. Closing 12c+ is the key for a trend reversal confirmation.
    Good news could be the perfect catalyst early next week?

    Daily chart
    Last edited by Jnnl: 17/06/16
 
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