Interestingly IAM sitting outside downtrend line now been previously sitting in behind....Can't call it a breakout as needs volume confirmation and risk of just whiplash. But options action does make me wonder whether this is real move based on insiders knowing news coming. As previously options were heavily sold into on the bid but big buys were not at 0.3 cents on the Thursday and then of course 4m 0.4 cent big buyer on Friday not sold into. The bid size not so much significant for me (as only $15k) but moreso just no supply/sellers, which given options expire in a month was notable.
Anyhow should see soon enough what is going on but options action got me bit more interested in watching this plus where chart is at the moment.
IAM Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
