From a chart perspective big week and very nice close
We have pivot points at 66,69,75,76 and 81. Considering they are all so close and weve broken out watch this clean up and go straight through them all
I have next res, and potential first wave in a 5 wave move at $1.26 (rising every week)
Accumulation phase ends when we clock through 81, but I dont expect to get to 1.26 in one week. I expect consolidation at around 80 before trending up to it, then we should get wave 2 pull back consolidation.
See below RAC example
Again all changes with news etc but we should be seeing $1+ soon IMO
Not advice by the way, and like I said further news can really send this. MST valued this company a year ago at $3.38 and even at $1.30 CR price I still think its too cheap. I just have areas of resistance but see this going past all time highs in the future. Exciting times now that IXC is finally on the map!!!
FYI considering charting is subjective that 1.26 area could be wrong and it could go for example to $3.59 before first real pull back (those lines will be used in the future, they always set it up for that reason, being $3.59).
IXC below
Example of that is NEU
Im in for the long haul and hoping for a nice $20+ stock one day, but still like to chart it on the way to see how we fair. Hopefully that's helpful to newbies. 1st step, a break above 81 cents is bullish, very bullish!
