daytrade diaries... july 9, page-74

Hey magpie, here is IOF and MCW



MCW Daily:

You can see a few trendlines ive drawn on here. Resistance below price, and support above it. See if it holds 43.5 and stochastic turns up from there.




IOF Daily:

Nice uptrend here. Stocahstic has turned up, look for it to break its resistance line. There is a repeating speed angle that could happen again, however, I would be looking for a rally to 60 cents as a target before anything over, as the weekly chart is more bearish.