Ann: IOT retail network expands into Argentina,South America, page-14

The New Year could be pretty spectacular for IOT.

The share price is simply consolidating at the moment so the mere pip moves are not worth fussing over. IOT is more of a short/medium term traders stock than a day traders at the moment. Once it gets momentum the masses will flock.



Over the past few weeks the share price has broken a resistance line. Rallied up and then retraced to form a potential Elliott Wave wave 1. If this is the case then the share price may go a lot higher than 1.2. Might even bag a few times.
At the moment the share price is consolidating between 0.9c and 1c . The relative strength indicator (RSI) has reached a previous resistance area and appears to be using it as support. This means that the share price will hover around this region and use the low of 0.9c as support for an uptrend.
Volume traded is also diminishing day by day, another sign that a trend change is afoot.